EUR/USD trades between two zones

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


In the aftermath of the US employment release, the EUR/USD still trades between two ranges of support and resistance. Namely, resistance is provided by the 1.0840/1.0850 range and support is found at 1.0790/1.0800.

A move above the resistance range of 1.0840/1.0850 could be caused by the approaching hourly simple moving averages that have shown to be capable of pushing the rate higher. A move above 1.0850 is expected to face resistance in the weekly R1 simple pivot point at 1.0883. Higher above, the 1.0900 mark and the weekly R2 at 1.0929 could slow down the Euro, before the 1.1000 mark is reached.

On the other hand, a decline of the Euro against the US Dollar could look for support first in the 50-hour simple moving average and then the ascending 100-hour SMA. Below these two levels note the 1.0790/1.0800 range and the weekly simple pivot point at 1.0797. Further below these levels, note the combination of the ascending 200-hour SMA and the weekly S1 simple pivot point at 1.0750/1.0760.
Back to articles

Actual Topics

Mon, 08 Jul 2024 13:17:45 GMT

GBP/USD breaks 1.2800/1.2820 range

Friday's US employment data revealed that the US economy is slowing down, as unemployment increased. This in turn signals that the US Federal Reserve can cut interest rates and weaken the USD. Meanwhile, the UK elections were rather calm. On the GBP/USD charts, it resulted in the pair passing above the 1.2800/1.2820 resistance range, as the Pound has strengthened,

Thu, 04 Jul 2024 11:03:25 GMT

Gold breaks above 2,340.00

The price for gold was facing the resistance of the 2,340.00 level and continued to fail at all attempts to reach above it. Meanwhile, the 100-hour simple moving average was acting as support. On the daily candle chart, there was another squeeze going on. However, the technical chart was just representing the fundamentals. The markets were waiting for what

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.