- Analytics
- Market analysis
- Technical Analysis
- EUR / USD is trading near the highs of the end of April 2018
EUR / USD is trading near the highs of the end of April 2018
Today, the EUR / USD pair rose from $1.2245 to $1.2290 and is trading near the highs of early April 2018, regaining some of the positions lost during yesterday's US trading. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.2235), while on the four-hour chart it remains well above MA (200) H4 ($1.2090). In this situation, finding a buy position can be a wise decision for those who want to take advantage of a stronger European currency.
⦁ Resistance levels are: $1.2310, $1.2350, $1.2410
⦁ Support levels are: $1.2215-35, $1.2175, $1.2150
The main scenario for promoting the pair - break of the resistance of $1.2310 (December 30-31 high) and may be an increase to $1.2350 (April 20’ 2018 high)
An alternative scenario - correction and decline to $1.2215-35 (December 31 low, MA (200) H1) and then, maybe, the pair's decline to $1.2175 (December 24 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
