EUR/USD

Yesterday, the EUR/USD currency pair breached the medium-term ascending channel south. During Friday morning, the pair traded in the 1.1100 area.

Note that the exchange rate is pressured by the 55-hour moving average, currently located at 1.1115. Thus, it is likely that some downside potential could prevail in the market. In this case the rate could face support of the monthly S1 and the weekly S2 in the 1.1060 area.

However, if the 1.1090 level holds, it is likely that the currency pair could trade sideways, trying to surpass the given SMA, as well the weekly S1. Also, it is unlikely that the pair could exceed the weekly PP at 1.1178.

EURUSD

fxsoriginal

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.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD falls below 1.1850 as US consumer sentiment beats

EUR/USD is trading under1.1850, off the previous levels as US consumer sentiment beat estimates with 78.9 points. The Fed refrained from adding more stimulus, supporting the dollar earlier in the week. Investors are eyeing fiscal stimulus talks.

EUR/USD News

GBP/USD falls as the EU reportedly objects Johnson's bill

GBP/USD is trading around 1.2950, off the highs. According to reports, the EU remains opposed to UK PM Johnson's controversial bill, which violates the Brexit accord. 

GBP/USD News

XAU/USD struggles to move back above 100-hour SMA

Gold regained some positive traction on the last trading day of the week and recovered a part of the previous day's losses to over one-week lows. The commodity held on to its intraday gains and traded above the $1950 level through the mid-European session.

Gold News

Ethereum hits Bitcoin's bid to lead the market

Bitcoin risks dominance after the strong rise of Ethereum. Technical indicators show some significant discrepancies keeping the stress on the board. Sentiment levels are improving and bordering on optimism.

Read more

WTI: Clings to 50-DMA above $41, focus on Friday’s close

WTI (futures on Nymex) consolidates the three-winning streak above $41 mark on Friday, as the bulls await a fresh catalyst for the next push higher.

Oil News

Forex Majors

Cryptocurrencies

Signatures