- Analytics
- Market analysis
- Technical Analysis
- EUR / USD is declining and is testing MA (200) H1
EUR / USD is declining and is testing MA (200) H1
Today, the EUR/USD pair continues to decline, which began during yesterday's US trading. The pair declined to $1.2090, after a sharp rise yesterday to a six-week high of $1.2240. On the hourly chart, EUR / USD is testing the MA (200) H1 moving average line ($1.2125). On the four-hour chart, the situation is similar. Technically speaking, a strong support level of $1.2080-90 may keep prices from falling further. If it breaks through, the pair may fall to $1.2020. The session high of $1.2180 represents a resistance level. The most likely range of price movement for today may be hidden within the existing range of $1.2080-$1.2180
⦁ Resistance levels are: $1.2125, $1.2180, $1.2240
⦁ Support levels are: $1.2080-90, $1.2020, $1.1950
The main scenario for promoting the pair - correction and may be a rise to $1.2180 (February 23 high, session high)
An alternative scenario - break of the resistance of $1.2080-90 (February 19-22 lows) and then, perhaps, a decline to $1.2020 (February 17 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
