EUR/USD once again aims at 1.1000

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


The support of the 1.0880/1.0888 range and the weekly simple pivot point was enough to cause a surge of the Euro against the US Dollar. By mid Tuesday, the pair had passed above the 1.0960/1.0965 range that acted as resistance. By the end of the day, it appeared that the zone had acted as support.

The surge of the pair is expected to once again test the resistance of the 1.1000 mark and the zone at 1.1008/1.1017. In addition, note that this week the weekly R1 simple pivot point was located at the 1.1020 level. These levels have to be broken for the rate to approach highs not seen since August.

However, in the case of a decline of the rate, the already confirmed support levels are set to impact the pair. Namely, the 1.0960/1.0965 range, the 1.0880/1.0880 zone and the weekly simple pivot point most likely will act as support. Meanwhile, the hourly simple moving averages have not shown to be capable of impacting the rate during this week. Although, the combination of the 50 and 100-hour SMAs near 1.0930 could act as support.
Back to articles

Actual Topics

Tue, 19 Dec 2023 21:34:43 GMT

GBP/USD recovery faces 1.2750 level

Unexpectedly to our analysts, the GBP/USD found support in the 1.2630 level. The pair did not even approach the 1.2590/1.2610 range. The event is attributed to the major strength that the range showed during the first half of December. The following recovery eventually reached the 1.2750 mark that acted as resistance and by the end of Tuesday's trading a

Mon, 18 Dec 2023 13:05:49 GMT

Gold support turns into resistance

The price for gold has moved below the 2,027.70/2,030.00 range, which has turned from support into resistance. Meanwhile, it appears that support was found in the 200-day simple moving average. If the commodity price recovers, it would have to break above 2,030.00 and the 50-hour simple moving average. Moving higher, a move above 2,047.80 is set to immediately face the

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.