EUR/USD waits for US CPI

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The EUR/USD remained near previous levels during Tuesday's early trading hours, as the pair waited for the US Consumer Price Index to be released at 13:30 GMT.

In the short term, a surge of the Euro against the US Dollar could test the combined resistance of the 1.0600 mark and the weekly R1 simple pivot point at 1.0603. However, note the Friday's high level zone at 1.0585/1.0589.

Meanwhile, a decline of the currency exchange rate might look for support in the 50 and 100-hour SMAs near 1.0540 and 1.0530, the weekly simple pivot point at 1.0523 . Further below, note the 1.0500 mark and the 200-hour simple moving average.
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Tue, 13 Dec 2022 08:26:17 GMT

GBP/USD stands near 1.2300

The Monday's decline of the GBP against the US Dollar found support in the 100-hour simple moving average near 1.2220. Afterwards, the rate found resistance in the 1.2300 mark. During the first half of Tuesday's trading, the pair remained below the 1.2300 level. A surge above 1.2300 could encounter resistance in the Friday's high level at 1.2320, before approaching the weekly

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