EUR/USD respects support zone

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


The EUR/USD continues to wait for the US CPI in the same range, as it has bounced off the support zone at 1.0935/1.0950 and recovered back to levels near 1.1000. Forecasts remain unchanged.

A decline might look for support in the 1.0935/1.0950 range, before reaching the weekly S1 simple pivot point at 1.0928. Further below, note the 1.0900 mark, the weekly S2 simple pivot point at 1.0853 and the 1.0850 level.

On the other hand, a recovery of the Euro against the US Dollar would face the 1.1000 mark, prior to testing the 1.1030/1.1045 range.
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Wed, 09 Aug 2023 09:51:39 GMT

GBP/USD finds support in 1.2700

The GBP/USD found support in the 1.2685/1.2695 range and the 1.2700 mark. Meanwhile, a resistance range has been spotted and marked at 1.2783/1.2793. Despite the updates, the rate remained near previous levels. A move below 1.2700 and 1.2685/1.2695 might result in the rate looking for support in the 1.2650 level. This level acted as support on Thursday. Further below, note

Tue, 08 Aug 2023 10:41:23 GMT

Gold remains above support

By mid-Tuesday, the situation on gold charts remained unchanged, as the commodity price continued to trade above the 1,930.00/1,932.25 range. A move below 1,930.00 is set to find support at 1,925.00, prior to the commodity price reaching the support range above 1,920.00. On the other hand, a surge of gold's price is expected to face resistance in the combination of the

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