EUR/USD decline continues

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


The EUR/USD has reached a new low level by trading near 1.0760 during the end of the last week. However, a recovery of the Euro followed. On Monday the currency pair bounced off a resistance zone at 1.0825/1.0830. The zone was strengthened by the weekly simple pivot point at 1.0822 and the 100-hour simple moving average. Meanwhile, support appeared to be found in the 50-hour simple moving average near 1.0800.

A move below 1.0800 and the 50-hour SMA could once again look for support in the 1.0760 level. Further below, the weekly S1 could act as support at 1.0740, before the rate reaches 1.0700.

On the other hand, a potential surge would have to break the 1.0825/1.0830 resistance zone. Higher above, the 200-hour SMA might act as resistance.
Back to articles

Actual Topics

Mon, 22 May 2023 08:19:27 GMT

GBP/USD remains below 1.2500

The GBP/USD has revealed a support and a resistance zones. Support is found at 1.2390/1.2395. Resistance is provided by the 1.2470/1.2480 range. On Monday, the pair bounced off the resistance and resumed its decline. The ongoing decline might look for support in the 1.2390/1.2395 level. Further below, note the weekly S1 simple pivot point at 1.2373 and the combination of the

Wed, 17 May 2023 13:28:24 GMT

Gold drops below 2,000.00

The price for gold dropped below the 2,000.00 mark in the aftermath of the US Retail Sales release on Tuesday. The fundamental event strengthened the US Dollar. Moreover, information came into news flows that the US politicians had made progress in US government debt talks. By the middle of Wednesday's trading hours, the commodity had reached below the 1,990.00 level.

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.