EUR/USD surges on Tuesday morning

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


On Tuesday morning, the EUR/USD ended its sideways trading around the 1.0200 mark with a surge. By 09:00 GMT, the rate had reached the 1.2050 mark.

In the meantime, the markets were expecting the US Consumer Price Index release on Wednesday at 12:30 GMT. In general, it was expected that the whole financial markets will remain near previous levels until the CPI is released. Afterwards, markets will adjust to the CPI.

A surge of the Euro against the USD, might encounter resistance in the weekly R1 simple pivot point at 1.0277, prior to approaching the 1.0300 mark. Higher above, note the 1.0350 level and the weekly R2 simple pivot point at 1.0371.

Meanwhile, a potential decline of the currency exchange rate could look for support in the 1.0200 mark and the combination of the weekly simple pivot point together with the 50, 100 and 200-hour simple moving averages. Further below, note the weekly S1 simple pivot point at 1.0105 and the support zone at 1.0095/1.0115.
Back to articles

Actual Topics

Tue, 09 Aug 2022 09:30:46 GMT

GBP/USD trades around 1.2100

The GBP/USD is trading around the 1.2100 mark, as it has begun to await for this week's fundamental events. The US CPI, PPI and UK GDP data releases are set to guide the exchange rate during the rest of the week. However, technical levels might act as short term resistance or support. A move of the pair upwards might encounter resistance

Mon, 08 Aug 2022 19:02:10 GMT

Gold recovers after US employment

The better than expected US Employment data caused a drop of the price for gold below the support zone at 1,771.30/1,773.10. However, after two hours, the commodity price recovered above the zone and started to use it as support. On Monday, the price started a broad recovery and reached as high as the 1,790.00 level. A move above 1,790.00 could encounter

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.