- Analytics
- Market analysis
- Technical Analysis
- EUR/USD is growing, but remains below MA (200) H1
EUR/USD is growing, but remains below MA (200) H1
Today, the EUR/USD pair is mainly growing from $1.0835 to $1.0890, having regained almost all the positions lost yesterday. On the hourly pair chart, the pair remains slightly below the MA (200) H1 moving average line ($1.0900). On the four-hour chart, EUR/USD remains above MA (200) H4 ($1.0820). Technically speaking, the resistance of $1.0900-10 can keep prices from further growth. The lower bound of $1.0835 represents a strong support level.
⦁ Resistance levels are: $1.0900-10, $1.0940, $1.0975
⦁ Support levels are: $1.0835, $1.0805, $1.0775
The main scenario of the pair's promotion assumes a breakout of the resistance of $1.0900-10 (July 5 high, MA (200) H1) and there may be an increase to $1.0940 (June 29 high)
An alternative scenario implies a breakout of the session minimum of $1.0835 (June 30 low) and may be a decline to $1.0805 (June 15 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
