EUR/USD finds support in 1.0500

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


The decline of the EUR/USD continued, as the Dollar strengthened throughout the week. Eventually, the 1.0500 mark was reached that acted as support. However, the support was not enough to create a broader recovery, as the 1.0600 mark started to act as resistance.

In the meantime, the 50 and 100-hour simple moving averages revealed that they are capable of impacting the currency pair. Although, by this week, both levels were passed. Due to this reason, it was expected that the SMAs could act as resistance.

The ongoing surge would have to break the weekly simple pivot point at 1.0588 and the 1.0600 mark, before approaching the next resistance levels. Note the descending 200-hour simple moving average that is located near the 1.0650 mark and the impact range that surrounds this level. If these levels fail, the weekly R1 simple pivot point at 1.0679 and the 1.0680 level are expected to act as resistance.

On the other hand, a decline might first find support in the combination of the 50 and 100-hour simple moving averages near 1.0550. If the moving averages fail, the 1.0500/1.0520 range is almost certainly going to keep the pair up. If the 1.0500 fails, the 1.0450 level and the weekly S1 simple pivot point could slow down the EUR/USD, before it reaches the 1.0400 mark.
Back to articles

Actual Topics

Mon, 18 Nov 2024 18:00:39 GMT

GBP/USD decline reaches below 1.2700

The decline of the Pound against the US Dollar has continued. However, on Friday, the rate appeared to have found support in the 1.2600 mark, namely the 1.2600/1.2620 range. This ongoing recovery of the GBP/USD is set to face the 1.2700 mark and the 100-hour simple moving average. If these levels fail, the weekly simple pivot point will act as resistance

Mon, 11 Nov 2024 20:08:29 GMT

Gold decline approaches 2,600.00

Gold declined after the US elections. By mid-Monday, the decline had almost reached the 2,600.00 mark, as a recovery started. However, the recovery was facing the resistance of the 2,620.00 mark. In the near term future, the metal is expected to extend the decline and look for support in the 2,590.00/2,600.00 range. If this range fails, the commodity price might

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.