EUR/USD is back at 1.1000

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


Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months.

On the EUR/USD charts it resulted in an initial piercing of the resistance levels as high as 1.1060, before the pair retreated back down. On Friday, the rate was back at 1.1000 levels' resistance and support of the 50, 100 and 200-hour simple moving averages near the weekly simple pivot point at 1.0987. In general, previously active support and resistance zones are expected to continue to impact the pair.

A decline below 1.0975 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.

A recovery of the Euro against the US Dollar above 1.1000 would test the 1.1030/1.1045 range. Higher above, take into account the weekly R1 simple pivot point at 1.1062 and Thursday's high level at 1.1065.
Back to articles

Actual Topics

Fri, 11 Aug 2023 09:42:15 GMT

GBP/USD reacts to events

Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months. This caused a piercing of the resistance range and 1.2800 mark, before the pair started a decline. The decline passed below

Wed, 09 Aug 2023 10:13:01 GMT

Gold reaches below 1,930.00

The price for gold has passed below the 1,930.00/1,932.25 range. Moreover, the previous support has turned into resistance. On Wednesday, the price was facing the 1,930.00/1,932.25 zone's and the 50-hour simple moving average's resistance. Meanwhile, support was found in the 1,925.00 level and the 1,920.30/1,922.60 range. In the case of a decline below 1,920.30 the commodity price could look for

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.