EUR/USD fails to breach 1.1000

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


The crash of the US Dollar that was experienced on Monday resulted in the EUR/USD shortly trading above the 1.1000 mark. However, the 1.1000 held and the markets have calmed down. After the failure to move higher, the pair moved back to the 1.0900 level.

In the case that the rate surges, it is set to face the resistance of the 50-hour simple moving average and the 1.0940/1.0950 range. Higher above, the weekly R1 simple pivot point could act as resistance at 1.0965, before the pair reaches the 1.1000 mark.

On the other hand, a decline of the Euro against the US Dollar is set to look for support in the 100-hour simple pivot point and the 1.0900 mark. If these levels fail, the pair is expected to look for support in the 1.0870/1.0880 range and the weekly simple pivot point at 1.0872. In addition, the range is being approached by the 200-hour SMA.
Back to articles

Actual Topics

Wed, 07 Aug 2024 12:11:28 GMT

GBP/USD returns to 1.2700

In the aftermath of the high USD volatility, the GBP/USD has returned to trade near the 1.2700 mark. The 1.2700 appears to have failed to act as support, but the 1.2680 level has provided support and caused a recovery. On Wednesday, the recovery faced the resistance of the 50 and 100-hour simple moving averages and the 1.2735/1.2750 range. A move above

Sun, 04 Aug 2024 19:23:48 GMT

Gold plummets before reaching high level

The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index reacted to the news by sharply declining. Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%. Non-Farm Employment Change was expected to show a reading

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.