EUR/USD recovers back above 1.0500

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


On Friday, the US Dollar retraced back down against all peer currencies. On the EUR/USD charts it resulted in a surge above various technical and psychological levels. By the middle of the day's trading, the exchange rate had almost reached the 1.0600 mark. Note that the 1.0600 level could be strengthened by the 100-hour simple moving average.

Meanwhile, the Thursday's low levels have been marked on the chart at 1.0470/1.0480. This low level zone might act as support in the foreseeable future.

A move above the 1.0600 mark by the Euro against the US Dollar could result in a surge to the 1.0650 level and the weekly S2 simple pivot point at 1.0655. Higher above, note the 1.0700 level and the 200-hour simple moving average near 1.0715.

On the other hand, a resumption of the USD surge is expected to first look for support in the 1.0550 level, the weekly S3 simple pivot point and the 50-hour simple moving average at 1.0535. Below these levels note the 1.0500 mark and the 1.0470/1.0480 zone.
Back to articles

Actual Topics

Fri, 29 Apr 2022 09:54:21 GMT

GBP/USD aims at resistance zone

The US Dollar has recently declined against all other currencies and assets. On the GBP/USD chart is has resulted in a surge, which at mid-day on Friday was approaching the resistance zone at 1.2590/1.2600. The resistance zone marked the Tuesday and Wednesday high levels. In addition, the 100-hour simple moving average had reached the zone from above. A surge above the

Fri, 29 Apr 2022 06:40:09 GMT

USD/CAD breaks pattern

The USD/CAD currency pair encountered resistance in the 1.2880 mark and declined. The decline broke the channel up pattern, which had guided the rate up since the previous Friday. The move occurred due to an all-out decline of the US Dollar. Namely, the US Dollar index was observed to be going down in the aftermath of touching 2002 levels. During

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.