EUR/USD reacts to fundamentals

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


The EUR/USD has ignored technical levels due to fundamental events taking place. On Friday, the US employment data caused high volatility and an eventual decline of the US Dollar. On Monday, the Dollar recovered because of a run to safety that started due to the war in Israel.

By mid-Monday it was observed that the pair had resumed to respect technical levels. Namely, moving averages, the weekly simple pivot point and round levels had acted as support and resistance.

A decline of the Euro against the US Dollar is expected to look for support in the 100-hour simple moving average and the 1.0520 level. Below these levels, take into account the 1.0500 mark and the weekly S1 simple pivot point at 1.0487.

On the other hand, a recovery of the currency pair is set to be slowed down by the combination of the 50-hour simple moving average, the weekly simple pivot point and the 1.0550 level. Higher above, note the 1.0600 level, which stopped the Friday's surge.
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Mon, 09 Oct 2023 13:09:42 GMT

GBP/USD reacts to global events

The financial markets have ignored technical levels due to fundamental events taking place. On Friday, the US employment data caused high volatility and an eventual decline of the US Dollar. On Monday, the Dollar recovered because of a run to safety that started due to the war in Israel. During the events the GBP/USD pair's channel down pattern initially held.

Thu, 05 Oct 2023 16:41:20 GMT

Gold slightly declines

Gold has reached below 1,920.00 level's support. However, it has not yet approached further support levels. A decline is expected to look for support in the low level zone at 1,805.00/1,808.00. Afterwards, the 1,800.00 mark is most likely going to act as support. On the other hand, a recovery of the commodity price could face resistance in the 50 and 100-hour

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