EUR/USD breaches resistance of 1.1000

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


The EUR/USD has managed to not only pass the resistance of the 1.0940/1.0950, but also the 1.1000 mark. Most recently, the pair extended its surge and found resistance at 1.1040. The resistance was enough to force the pair to start a decline.

In the near term future, the rate was expected to look for support in the 1.1000 mark. If the 1.1000 fails to hold, the weekly R1 at 1.0990 could act as support. Further below, note the ascending hourly simple moving averages. The 50, 100 and 200-hour SMAs are moving upwards. A potential failure of the SMAs could result in the rate returning to the 1.0940/1.0950 range.

On the other hand, a resumption of the ongoing Euro surge against the US Dollar would have to break the 1.1040 range. Higher above, the weekly R2 simple pivot point might act as resistance at 1.1063, before the 1.1100 mark is reached.
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Wed, 14 Aug 2024 18:44:45 GMT

GBP/USD surge encounters resistance

As forecast, the GBP/USD has reached the 1.2800 mark. Moreover, the rate passed above the 1.2800/1.2820 range and the weekly R1 simple pivot point at 1.2828. Eventually, resistance was found in the 1.2860/1.2870 zone. Since then, the rate has been encountering resistance in the named zone and support was found at 1.2800/1.2820. A move below the 1.2800/1.2820 range could find support

Mon, 12 Aug 2024 14:32:06 GMT

Gold pierces 2,450.00 mark

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