EUR/USD

On Monday, the EUR/USD currency pair tried to surpass the weekly PP at 1.1139. During today's morning, the pair continued to test the given resistance.

Note that the exchange rate is pressured by the 200-hour moving average, currently located at 1.1146. Thus, some downside potential could prevail in the market.

In this case the rate could gain support provided by the 55– and 100-hour SMAs, currently located circa 1.1120. If the given support holds, it is likely that the Euro could consolidate against the US Dollar in the short run.

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

Gold prices collapse to $1,910 as huge profit-taking kicks-in

Positioning squeeze has taken place as the bulls feeling the heat bail out in droves, triggering stop losses to the bottom of the abyss. Real rates have been on the incline since last week's Nonfarm Payrolls report which beat expectations.

Gold News

AUD/USD starts Wednesday trading at fresh weekly lows

The AUD/USD pair is trading at fresh weekly lows in the 0.7130 price zone, as the dollar accelerated its advance ahead of Wall Street’s close. Australian Q2 wages’ growth coming up next.

AUD/USD News

EUR/USD turns negative at the end of the day

The EUR/USD pair trades near 1.1730 on renewed demand for the dollar. Optimism about US economic growth led the way, despite the coronavirus pandemic continues to limit economic activity.

EUR/USD News

Price Prediction Bitcoin, Ethereum, Ripple: Euphoria warns of danger

From the crypto ecosystem, the current moment invites us to look for opportunities to balance the portfolio towards Bitcoin, which after giving up market dominance against Ethereum, shows technical patterns that are favorable to a recovery in the short term.

Read more

WTI erases majority of daily gains

Crude oil prices started the week on a strong footing and the barrel of West Texas Intermediate (WTI) gained more than 1% on Monday. With the market sentiment remaining upbeat on Tuesday, the WTI extended its rally and touched a daily high of $42.91 but struggled to preserve its bullish momentum. 

Oil News

Forex Majors

Cryptocurrencies

Signatures