EUR/USD trades around 1.0950

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


Since the high volatility that was caused by the US employment data, the EUR/USD rate has consolidated around the 1.0950. Support is found near 1.0930 and resistance was located at 1.0980.

In the meantime, note that the initial drop of the US Dollar was offset by details of the US employment release. Namely, despite new jobs, higher earnings and lower unemployment rate, the markets spotted that the total workforce had decreased in number.

A move above 1.0980 is set to face a number of resistance levels. First of all, the combination of the weekly simple pivot point at 1.0985 and the 200-hour simple moving average near 1.0990. Afterwards, the 1.1000 mark is set to provide resistance, before the EUR/USD reaches the high level range at 1.1010.

In the meantime, a decline below 1.0925 would look for support in the 1.0900 mark, prior to the rate reaching the support range at 1.0880/1.0890.
Back to articles

Actual Topics

Tue, 09 Jan 2024 13:28:13 GMT

GBP/USD faces resistance at 1.2760

The Friday's volatility ended with the pair finding resistance in the 1.2760 level and support in the 100-hour simple moving average. On Tuesday, additional support was provided by the combination of the 50 and 200-simple moving averages near the weekly simple pivot point at 1.2718. A decline below the moving averages and the 1.2700 mark could eventually reach the weekly

Fri, 05 Jan 2024 15:29:17 GMT

Gold reacts to US data

In general, fundamentals keep making an impact on the markets. It was revealed eventually to the world that the Fed might not cut rates until the end of 2024, which strengthened the US Dollar. Moreover, the release of US Employment data on Friday at 13:30 GMT caused volatility. During these events, the price for Gold dropped to the 2,025.00 level

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.