EUR/USD continues recovery

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


The EUR/USD has continues its recovery. By mid-Tuesday, the rate had reached above the resistance levels near 1.0920.

A continuation of the surge is expected to face resistance in the 1.0980 level, the weekly R1 at 1.0987 and the 1.1000 mark. Note that despite being pierced the 1.1000 mark caused the most recent decline of the Euro against the US Dollar.

On the other hand, a decline could look for support in the 50, 100 and 200-hour simple moving average and the weekly simple pivot point in the 1.0910/1.0935 range. Below these levels, note the support of the 1.0900 mark.
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Tue, 27 Jun 2023 14:52:37 GMT

GBP/USD remains below 200-hour SMA

The 200-hour simple moving average is stopping the Pound from surging higher against the US Dollar. The SMA is strengthening the 1.2750 level, which is most likely also providing its impact. In general, previous forecast scenarios remains relevant. A move above 1.2750 could encounter resistance in the 1.2800 mark and the weekly R1 simple pivot point at 1.2806. Above these levels,

Mon, 26 Jun 2023 08:44:59 GMT

Gold reveals support

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