EUR/USD waits for Fed rate hike

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


The pair remains between support at 1.0740 and resistance of the 1.0820 level throughout this week. The only exception was the mixed US CPI release on Tuesday that caused an increase of volatility, but no direction was established. The markets wait for the Federal Reserve Rate announcements at 19:00 GMT.

The event should easily break the moving averages, weekly pivot point and everything that is located close by to the rate. However, after the pair exhausts its initial move, the pair could be slowed down or stopped by a farther away technical level.

Above the 1.0800 mark note the weekly R1 simple pivot point at 1.0862 that could turn into resistance, before the pair reaches the 1.0900 mark and the weekly R2 at 1.0964.

However, a strengthening of the US Dollar against the Euro is set to result in a EUR/USD drop. The move could find support in the 1.0700 mark and the weekly S1 simple pivot point at 1.0690. Further below, note the weekly S2 at 1.0621.
Back to articles

Actual Topics

Wed, 13 Dec 2023 13:08:40 GMT

GBP/USD trades between 1.2500 and 1.2600

Like the rest of the markets, the GBP/USD pair waits for the release of the US Federal Reserve rate announcements at 19:00 GMT. Previously, it was expected that the pair would trade between the resistance zone at 1.2590/1.2610 and a support range at 1.2500/1.2515. In the meantime, note that the Tuesday's volatility was caused by the US CPI release, which

Mon, 11 Dec 2023 20:12:57 GMT

Gold is back below 2,000.00

The price for gold had already started a decline, as the US employment data was released on Friday. The higher than expected data sets caused a surge of the value of the USD, which in turn caused a drop of the price for gold. Eventually, the price found some support near the 2,000.00 mark, but an attempted recovery failed

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.