On Monday, the EUR/USD currency exchange rate fluctuated sideways in the 1.1260/1.1300 range. Note that the pair was ignoring the support and resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.1283.

If the currency pair surges, it could test the resistance of the 1.1320/1.1333 zone, which provided the EUR/USD with resistance on November 19 and November 26. A passing of the zone might result in a test of the weekly R1 simple pivot point at 1.1378.

On the other hand, a decline would find support in the 50-hour simple moving average at 1.1260, the 1.1250 mark and the 100-hour SMA near 1.1240. Moreover, the weekly S1 simple pivot point was located at 1.1231.


This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD stays pressured towards 1.1300 as USD cheers risk-off mood

EUR/USD remains on the back foot near 1.1300, two-week lows. Market sentiment remains sour, as Russia-Ukraine worries join pre-Fed anxiety. The Treasury yields pause four-day downtrend while the dollar stays underpinned amid risk-off trading. US CB Consumer Confidence awaited ahead of the Fed decision.


GBP/USD is testing critical hourly support

GBP/USD is holding tight in somewhat bearish territory below 1.35 the figure. Sterling dropped on Monday to its lowest in three weeks versus the US dollar, with traders moving out of risk and into safe havens due to the expectations of Fed tightening and escalating tensions between Russia and Ukraine.


Gold approaches $1,848 yearly hurdle as risk sentiment dwindles

Gold holds on to the week-start rebound towards the yearly resistance line, dribbles around $1,842 during early Tuesday morning in Europe. Risk assets remain on the back foot as pre-Fed anxiety joins Russia-led geopolitical risks.

Gold News

Decentraland price not out of the woods yet, MANA bears prepare for 28% decline

Decentraland price could be headed for a further decline as MANA continues to drop toward the bearish target projected by a pessimistic chart pattern. The token is at risk of a 28% plunge toward $1.46 if the 200D SMA fails to act as a reliable foothold.

Read more

Make or break week

It could be a make or break week for the markets, with the Fed meeting on Wednesday, big tech earnings, and ongoing tensions on the Ukraine/Russia border. That may sound a bit over the top given how deep a correction we've already seen.

Read more