EUR/USD

The EUR/USD passed the support of previous January low levels near 1.1275. However, the pair has close by the December 21 and 22 low-level zone above the 1.1260 mark. Meanwhile, the US Dollar is expected to strengthen, as the markets expect Wednesday's hawkish Federal Reserve announcements at 19:00.

In the near term future, the pair could make an attempt to pass the 1.1260 zone. A move below the 1.1260 could aim at the December low-level zone and the weekly S2 simple pivot point at 1.1227/1.1236.

On the other hand, a potential recovery of the rate could find resistance in the previous January low levels and the weekly S1 simple pivot point at 1.1286.

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 Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD hovering around 0.7050 amid the greenback’s sell-off

AUD/USD hovering around 0.7050 amid the greenback’s sell-off

The Australian dollar shrugged off negative local data and reached a fresh weekly high against its American rival at 0.7072. The pair preserves its strength, despite the poor performance of global indexes indicating prevalent fear.

AUD/USD News

EUR/USD retains gains and hovers near 1.0600

EUR/USD retains gains and hovers near 1.0600

EUR/USD peaked at 1.0607, now trading in the 1.0580 price zone. The rally was all about the broad greenback’s weakness despite demand for safety continues. Soft US data added to the bullish case.

EUR/USD News

Dollar’s sell-off underpins gold

Dollar’s sell-off underpins gold

Gold is up to on Thursday, trading above $1,840 after hitting an intraday high of $1,849.18. The dollar changed course after soaring on Wednesday and is in franc decline across the FX board. However, action in stock markets is choppy. 

Gold News

Cardano is still on pace to retest $0.40, but bears shouldn't get too excited

Cardano is still on pace to retest $0.40, but bears shouldn't get too excited

Cardano is on professional traders' urgent watchlist as the digital asset could enter a mid-term bottom in the $0.45 zone before rallying upwards towards $0.60. ADA, like several cryptos, has been in a steep bear rally, which demands the need for balance and proportion.  

Read more

Warning signs in China's economic outlook as COVID-19 spreads

Warning signs in China's economic outlook as COVID-19 spreads

New variables both within and outside of China in 2022 have placed the country's economy under new pressure. In the first quarter, its economic growth rate was only 4.8%, which was 0.7 percentage points lower than the annual economic growth target of 5.5%.

Read more

Majors

Cryptocurrencies

Signatures