EUR/USD breaks ascending channel

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


The decline of the Euro against the US Dollar has passed below the support of the 1.0200 mark, the weekly simple pivot point at 1.0193 and the 100 and 200-hour simple moving averages. During the early hours of Wednesday's trading, the currency pair confirmed the weekly simple pivot point as resistance. Meanwhile, it was observed that the 1.0160 level was providing support.

A resumption of the decline of the EUR/USD might find support in the weekly S1 simple pivot point at 1.0128. Further below, note the last week's low level zone at 1.0097/1.0115.

Meanwhile, a potential recovery would have to break the combined resistance of the weekly pivot point at 1.0193, the 1.0200 mark and the 50, 100 and 200-hour simple moving averages, which are spread out in the 1.0200/1.0220 range.
Back to articles

Actual Topics

Wed, 03 Aug 2022 08:15:06 GMT

GBP/USD decline reaches 1.2150

During the midnight hours from Tuesday to Wednesday, the GBP/USD reached and shortly traded below the 1.2150 mark. However, the event was followed by a recovery. During the European morning hours, the rate managed to reach back up to the 1.2200 level. A move of the Pound against the US Dollar might encounter resistance in the 50-hour simple moving average near

Tue, 02 Aug 2022 14:26:40 GMT

USD/CAD recovers above 1.2850

Despite reaching below the 1.2800 mark, the USD/CAD rate eventually started a recovery on Monday. On Tuesday, the pair traded above 1.2850. In the case of a continuation of the US Dollar's recovery against the Canadian Dollar, the pair might encounter resistance in the 1.2900 mark and the weekly R1 simple pivot point at 1.2896. Higher above, take into account the

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.