- Analytics
- Market analysis
- Technical Analysis
- EUR / USD rose to a three-week high
EUR / USD rose to a three-week high
Today, the EUR / USD pair continues yesterday's growth, which began at the end of US trading, and rose from $1.1840 to a three-week high of $1.1880. On the hourly chart, the pair rose above the moving average line MA (200) H1 ($1.1795) and on the four - hour chart-slightly above MA (200) H4 ($1.1875). Technically speaking, a strong resistance level of $1.1880-95 can keep prices from further growth. If it breaks through, the pair may soar to $1.1945. The lower limit of $1.1840-50 represents the support level.
⦁ Resistance levels are: $1.1880-95, $1.1945, $1.1975
⦁ Support levels are: $1.1840-50, $1.1795, $1.1750
The main scenario for promoting the pair - the resistance breakout is $1.1880-95 (July 6, 9-13 highs, session high) and there may be an increase to $1.1945 (June 28 high)
An alternative scenario - if the $1.1840-50 area (July 15 and 27-28 highs, session low) is broken, the pair may fall to MA (200) H1 ($1.1795)
© 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
