EUR/USD passes prior high range

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


On Friday, the EUR/USD managed to pass the 1.1000 mark's resistance on the second attempt. By mid-Monday's trading, the rate had managed to move above the prior August high level range near 1.1040. However, the 1.1050 mark had acted as resistance, which indicates that the resistance range is broader than previously marked.

A potential surge above 1.1050 could be slowed down by the weekly R1 simple pivot point at 1.1076, before the pair approaches the 1.1100 mark.

On the other hand, a bounce off the resistance range might look for support in the combination of the 1.1000 mark and the ascending 50 and 100-hour simple moving averages. Moreover, take into account the weekly simple pivot point at 1.0993.
Back to articles

Actual Topics

Mon, 19 Aug 2024 12:15:47 GMT

GBP/USD faces pattern's resistance

The surge of the GBP/USD currency pair has continued, as the pair has reached the upper trend line of the channel up pattern. On Monday, the pattern's trend line was pierced. However, after the event, the pair returned to the 1.2950 level. A continuation of the surge would have to break the channel's trend line, before approaching the resistance of the

Fri, 16 Aug 2024 15:44:40 GMT

Gold passes prior high levels

The price for gold has finally hit the 2,500.00 mark. The commodity reached the new high level by breaking the resistance ranges of prior high levels that had kept the price down since August 11. However, note that the 2,500.00 mark is acting as resistance. The round price has caused a decline, which resulted in the metal looking for

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.