EUR/USD Technical analysis

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


The EUR/USD trading pair is currently above the 1.04500 price level and within a possible descending channel. The currency pair has experienced a gradual decline from the 1.06300 level to 1.04900 in the short term. The 24-hour RSI indicator suggests that the currency pair is currently oversold. The 1.05350 price level is the next resistance to consider.

While the pair is in a bearish trend within a descending channel, the oversold RSI suggests the possibility of a short-term reversal or bounce. Traders should be cautious and look for key levels of support and resistance, as well as other confirmation signals, before making further moves.
Back to articles

Actual Topics

Tue, 17 Dec 2024 12:15:24 GMT

ZAR/JPY Technical analysis

The ZAR/JPY currency pair reached resistance at the 8.6360 level, and the breakout was denied, increasing the probability of further price discovery towards the 8.4900 level. If support at the 8.35 level is broken, momentum could increase the likelihood of further selling pressure. The 10-hour RSI suggests the currency pair has been overbought.

Wed, 11 Dec 2024 09:21:26 GMT

USD/JPY Technical Analysis

USD/JPY currently is trading above 150.000 above, testing 152.1800 resistance level, if breakout follows, next price level resistances are 153.5500, 154.7550. If USD/JPY successfully breaks above 152.1800, the bullish momentum could drive the price towards 153.5500 and 154.7550. Traders will be watching closely for confirmation of a breakout or any signs of reversal at these key resistance levels. In

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.