EUR/USD reaches 1.1000

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


Instead of heading straight to the 1.1000 mark, the EUR/USD consolidated and found support in the 1.0930/1.0935 range. The range held and on Thursday the pair finally reached the 1.1000 mark, which was pierced at mid-day.

The pair is testing the resistance of the 1.1000 mark and the zone at 1.1008/1.1017. In addition, note that this week the weekly R1 simple pivot point was located at the 1.1020 level. These levels have to be broken for the rate to approach highs not seen since August.

However, in the case of a decline of the rate, the already confirmed support levels are set to impact the pair. Namely, the 1.0960/1.0965 and 1.0930/1.0935 ranges, the 1.0880/1.0880 zone and the weekly simple pivot point most likely will act as support. Meanwhile, the hourly simple moving averages have not shown to be capable of impacting the rate during this week.
Back to articles

Actual Topics

Thu, 21 Dec 2023 13:56:45 GMT

GBP/USD declines back to 1.2590/1.2610

The 1.2750 level held and caused a decline of the Pound. Moreover, the decline was massively impacted by the lower than expected UK Consumer Price Index release. Namely, markets expected annual inflation to be down from 4.6% to 4.3%, but the actual number was 3.9%. The major decline of inflation signals that the central bankers of the United Kingdom

Tue, 19 Dec 2023 22:13:15 GMT

Gold returns to December high levels

By looking at technical charts it can be seen that a broad weakness of the US Dollar across the markets against peer currencies has pushed the price for gold higher. However, some attribute the move to the Houthi attack on shipping in the Red Sea. Highly likely that it is a combination of the two factors, as only

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.