EUR/USD is pushed by 55-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The common European currency has found support in the 55-hour simple moving average, which has been pushing the pair up since the afternoon of Thursday. In the meantime, the pair faces the resistance of the weekly pivot point at 1.1935.  

In the case of the rate passing the resistance of the pivot point, the rate would aim the technical resistance at 1.1978.

On the other hand, if the 55-hour SMA fails to push the rate up, the EUR/USD could decline to the technical support levels near 1.1900.
Back to articles

Actual Topics

Fri, 27 Nov 2020 11:06:15 GMT

GBP/USD breaks pattern

The resistance zone of 1.3380/1.3400 continued to hold on Thursday and Friday. The resistance caused a breaking of the supporting trend line and the 100-hour simple moving averages, which pushed the rate up. 

Fri, 27 Nov 2020 08:51:50 GMT

NZD/USD breaks 0.7014 level

The New Zealand Dollar consolidated against the US Dollar below the weekly resistance level at 0.7014 on Thursday.

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.