EUR/USD plummets on Tuesday

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


As the US futures markets started 2023 trading on Tuesday morning, the US Dollar strengthened. As a result the EUR/USD plummeted, as by 11:00 GMT, the pair had reached 1.0520.

An extension of the ongoing decline might look for support in the weekly S3 simple pivot point at 1.0514 and the 1.0500 mark. Further below, note the December support levels at 1.0450, 1.0400 and 1.0300.

Meanwhile, a potential recovery of the Euro against the US Dollar could encounter resistance in the weekly S2 simple pivot point at 1.0556 and the 1.0550 level. Higher above note the 1.0575/1.0595 zone and the 1.0600 mark.
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Tue, 03 Jan 2023 11:40:36 GMT

GBP/USD drops to 1.1900

The opening of the US futures market caused major demand for the US Dollar, which beat down currency exchange rates. The GBP/USD sharply plummeted to the 1.1900 mark, where it found support. By mid-Tuesday it appeared that the weekly S1 simple pivot point and the 1.1940 level were acting as resistance. A move above 1.1940 might aim at the 1.2000 mark,

Mon, 02 Jan 2023 12:06:39 GMT

Gold tests 1,825.00 level

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