EUR/USD encounters resistance in pivot point

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


The United States Bureau of Labour statistics has just now released the latest Consumer Price Index data. The data reveals how the US inflation has changed during the last month. All data numbers hit the forecasts.

On the EUR/USD charts it resulted in a surge up to the resistance of the weekly R2 simple pivot point, which is located at the 1.0837.

An extension of the decline of the US Dollar would result in the rate testing the resistance of the 1.0850 and 1.0900 levels. Note that the pair has not been this high since April.

On the other hand, a decline of the Euro against the US Dollar might look for support in the 1.0750 level, the weekly R1 simple pivot point at 1.0739 and the December high at 1.0736. In addition, note the 50 and 100-hour simple moving averages, which are acting as support at 1.0750 and 1.0720.
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Thu, 12 Jan 2023 14:44:40 GMT

GBP/USD traded above 1.2200

The United States Bureau of Labour statistics has just now released the latest Consumer Price Index data. The data reveals how the US inflation has changed during the last month. All data numbers hit the forecasts. On the GBP/USD charts the event resulted in an attempt to reach the resistance of the 1.2250 mark. However, the pair apparently

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