- Analytics
- Market analysis
- Technical Analysis
- The EUR / USD pair reached a one-month high
The EUR / USD pair reached a one-month high
Today, since the beginning of trading, the EUR/USD pair rose to a one-month high of $1.2180, but during the European session it fell to $1.2140. The pair remains above the moving average line MA (200) H1 ($1.2115) and on the four - hour chart-MA (200) H4 ($1.2120). 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:$1.2180-90, $1.2220, $1.2285
⦁ Support levels are: $1.2140, $1.2080-90, $1.2020
The main scenario for promoting the pair - if the area of $1.2180-90 (February 22-25 highs, session high) is broken, the pair can rise to $1.2220 (January 13 high)
An alternative scenario - breakout of the session low of $1.2140 and maybe decline to MA (200) H1 ($1.2115) and then to $1.2080-90 (February 12 and 19-22 lows)
© 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
