EUR/USD

On Tuesday morning, the EUR/USD, despite piercing the resistance of the 50-hour simple moving average, found resistance at the 1.1300 mark and declined. By the middle of the day's trading, the pair had reached the 1.1250 mark.

If the EUR/USD continues to decline, it would aim at the support of the weekly S1 simple pivot point at 1.1242 and the November 30 low level at 1.1235. In addition, note that the lower trend line of a channel down pattern passes the two mentioned levels.

On the other hand, a recovery of the currency exchange rate might find resistance in the combination of the 50 and 200-hour simple moving average at 1.1290. Above the SMAs, the 1.1300 mark, the 100-hour SMA and the upper trend line of the channel pattern might provide notable resistance.

EURUSD

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 on the way to 1.1280 key support

EUR/USD fails to cheer greenback weakness, stays depressed around 1.1310 during the initial Asian session on Friday. While portraying the sober mood of the major pair traders, the quote remains below 200-SMA for the first time in a fortnight.

EUR/USD News

GBP/USD holds above 1.3600 as dollar fails to capitalize on US data

GBP/USD tested 1.3600 earlier in the day but managed to stage a recovery in the early American session. The greenback is having a hard time gathering strength as investors assess the mixed macroeconomic data releases from the US.

GBP/USD News

Gold hovers near yearly resistance of $1,848 on sour sentiment, Fed eyed

Gold extends late Thursday’s pullback from a two-month high, refreshes intraday low around $1,838 during Friday’s Asian session. The yellow metal bears the burden of the risk-off mood even as the US Treasury yields stay on the back foot.

Gold News

Decentraland holds support but MANA may return to $2

Decentraland price action is, at present, very indecisive. However, while the overall outlook is bearish – especially within the Ichimoku Kinko Hyo system, there is evidence that a turnaround to the upside may be coming soon.

Read more

When real rates are negative for a sustained period, is it a sign of looming recession?

We agree that inflation should moderate this year due to the money side of things, but worry that monetary policy is powerless against most of the supply chain issues, commodity prices, greedy consumer goods companies, and that weird labor shortage.

Read more

Majors

Cryptocurrencies

Signatures