EUR/USD confirms support and resistance ranges

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


The EUR/USD was finding support in the 1.1000 mark, as the US Retail Sales release caused a major decline. Eventually, the decline of the pair found support in the 1.0935/1.0950 zone. By mid-Friday, the pair had recovered to the 1.1000 mark, but at the time of writing it was observed that the resistance was holding and a decline started.

The decline of the Euro against the US Dollar might be slowed down by the 100-hour simple moving average. Further below, note the mentioned 1.0935/1.0950 zone and the 200-hour simple moving average. If these levels fail, the 1.0900 mark is expected to once again impact the rate.

On the other hand, a strengthening of the Euro, compared to the Dollar, might result in another test of the 1.1100 mark. A move above 1.1000 is set to face resistance in the August high levels near 1.1050.
Back to articles

Actual Topics

Fri, 16 Aug 2024 14:55:46 GMT

GBP/USD manages to pierce 1.2900

Since the last review, the pair has been highly volatile due to US data releases. However, all the moves still occurred between our marked support and resistance ranges. As the volatility settled down, the rate managed to break above the 1.2860/1.2870 range. By mid-Friday, the currency rate had passed above 1.2900. Although, the event was not followed by a further

Wed, 14 Aug 2024 19:14:34 GMT

Gold once again fails to reach new high

New resistance and support ranges have been marked on the chart. These ranges have impacted the commodity price throughout August. Most recently, the metal has retreated to the 2,440.00 level, after a third failed attempt to approach the all-time-high levels. A move below the 2,435.00/2,440.00 range could result in the price looking for support in the 2,430.00 level and the

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.