- Analytics
- Market analysis
- Technical Analysis
- EUR / USD remains near one-month high
EUR / USD remains near one-month high
Today, since the beginning of Asian trading, the EUR/USD pair fell to $1.1785, but during the European session it rose sharply to $1.1850. The pair is trading near a one-month high. On the hourly chart, the pair is trading above the MA (200) H1 moving average line ($1.1775). The situation is similar on the four-hour chart. In this situation, it is probably worth sticking to the Northern direction in trading and looking for exit points to buy. The $1.1880 resistance may keep EUR / USD from rising further. If this level is passed, the pair may rise to $1.1920. On the other hand, the pair may still fall to the $1.1760-85 area.
⦁ Resistance levels are at: $1.1880, $1.1920, $1.1965
⦁ Support levels are at: $1.1760-85, $1.1720, $1.1690
The main scenario for promoting the pair - breakout of the $1.1880 resistance and possible growth of the pair to $1.1920 (September 10 high)
An alternative scenario - correction and decline to $1.1760-85 (October 20 low, MA (200) H1, session low)
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
