- Analytics
- Market analysis
- Technical Analysis
- EUR / USD is trading near a three-week high
EUR / USD is trading near a three-week high
Today, the EUR / USD pair is trading in the range of $1.1870-1.1920, after rising last week to a three-week high ($1.1925). On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.1820), but on the four-hour chart it is testing MA (200) H4 ($1.1905). Technically speaking, the resistance of $1.1925 may keep the pair from rising further. If it breaks through, prices may rise to $1.1990. The lower bound of $1.1860 represents the resistance level. The most likely range of price movement for today may be hidden within the range of $1.1860-1.1925
⦁ Resistance levels are: $1.1925-45, $1.1990, $1.2065
⦁ Support levels are: $1.1860, $1.1795-1.1820, $1.1740
The main scenario for promoting the pair - growth to $1.1925-45 (March 22 and April 8 highs) and then, maybe to $1.1990 (March 18-19 high)
An alternative scenario - decline to $1.1860 (April 7-8 low) and then maybe to $1.1795-1.1820 (April 6 low, MA (200) H1)
© 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
