EUR/USD continues to decline

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


By mid-Tuesday's European trading hours, the EUR/USD had declined to the 1.1040 level, as it passed the weekly S1 simple pivot point at 1.1063.

An extension of the ongoing decline of the Euro against the US Dollar is expected to look for support in the 1.1000 mark and the weekly S2 simple pivot point at 1.1002.Further below, note the 1.0930/1.0950 range.

In the case of a recovery of the European currency against the Dollar, the rate would have to pass the combined resistance of the weekly S1 simple pivot point at 1.1063 and the 50-hour simple moving average. Above these levels, take into account the descending 100-hour simple moving average near 1.1135.
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Tue, 25 Jul 2023 12:09:40 GMT

GBP/USD reaches 1.2800

The GBP/USD has found support in the 1.2800 mark, which caused a move above the resistance and support zone near 1.2850. However, by mid-Tuesday, the rate was back below 1.2850. In general, previous levels are still relevant. A continuation of the decline might find support in the 1.2800 and 1.2750 levels. Further below, note the weekly S1 simple pivot point

Mon, 24 Jul 2023 11:23:10 GMT

Gold finds support near 1,960.00

The price for gold has revealed resistance and support zones. Support is found at 1,957.25/1,964.20. Resistance is encountered at 1,984.20/1,987.70. Meanwhile, the price appears to be respecting the 50 and 100-hour simple moving averages. A move above the 50 and 100-hour simple moving averages could result in another test of the 1,984.20/1,987.70 range. Higher above, note that the 2,000.00 mark

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