EUR/USD passes above 1.0900

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


The EUR/USD managed to finally breach the 1.0860/1.0890 range and the combination of the 1.0900 mark and the weekly R2 simple pivot point. However, the rate consolidated before the ECB policy announcement and the announcement caused a retracement to the support of the passed range and the weekly R1 simple pivot point. After the fundamental event passed, EUR/USD continued the surge and reached 1.0920.

An extension of the ongoing surge is expected to be slowed down by the 1.0940 level where the weekly R3 simple pivot point is located at. Above the pivot point, the rate is set to face the 1.1000 mark, unless a new resistance reveals itself.

However, if a retracement back down occurs, the EUR/USD would look for support in the combination of the 1.0900 mark and the weekly R2 simple pivot point at 1.0903. Below 1.0900, the 1.0860/1.0890 range, the weekly R1 simple pivot point and the ascending 50 and 100-hour simple moving averages are expected to act as support. If these levels fail, the 1.0840/1.0860 range and the 200-hour SMA could turn into support.
Back to articles

Actual Topics

Thu, 07 Mar 2024 15:46:22 GMT

GBP/USD reveals pattern

Recent comments made by the head of the US Federal Reserve have weakened the US Dollar. It has resulted in a surge of the GBP/USD that has continued to break one resistance after another. In addition, it has been spotted that the surge has occurred in a channel up pattern. In the near term future, the pair is set

Tue, 05 Mar 2024 15:54:01 GMT

Gold reaches 2,140.00

The surge of gold continues. Moreover, US fundamental data has boosted the gains. At exactly 15:00 GMT, the US Institute for Supply Management published its Purchasing Managers Index. The markets expected the index to show good conditions in the sector, but the actual data disappointed. Due to this reason the US Dollar sharply declined. By late Tuesday's trading, the

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.