EUR/USD trades below 1.0600

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


On September 25, the EUR/USD currency pair passed below the 1.0600 mark and the weekly S1 simple pivot point at 1.0592

The next target for the decline could be the combination of the 1.0550 level and the weekly S2 simple pivot point at 1.0543. Further below note the 1.500 mark and the lower trend line of a channel down pattern.

On the other hand, a proper recovery of the currency pair could encounter resistance in the 1.0600 mark and the 1.0620 level. Both of these levels have acted as support. Above the round levels, take into account the 1.0650 mark and the 50, 100 and 200-hour simple moving averages.
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Actual Topics

Mon, 25 Sep 2023 15:05:10 GMT

GBP/USD reaches 1.2200 level

This week, the Pound reached the 1.2200 mark and was set to decline further. The decline could look for support in the weekly S1 simple pivot point at 1.2170 and the lower trend line of the channel down pattern. In the case of the pattern failing, the rate might reach for the 1.2510 level and the combination of the weekly

Fri, 08 Sep 2023 11:42:38 GMT

Gold recovers to 1,925.00

The low level zone near 1,915.00 has provided enough support for the price for gold eventually reaching above the 1,920.00/1,923.00 range and the 50-hour simple moving average. However, the commodity appears to have started trade around the 1,925.00 mark. A recovery of the commodity price could result in the rate encountering resistance in the 100-hour simple moving average near 1,927.00.

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