- Analytics
- Market analysis
- Technical Analysis
- EUR/USD trades near a 2-month high
EUR/USD trades near a 2-month high
The EUR/USD pair is trading in the $1.1040-40 range today, having reached a new 2-month high. On the hourly chart, the pair rose above the MA (200) H1 moving average line ($1.0920). On the four-hour chart, EUR/USD remains above the MA (200) H4 ($1.0845). In this situation, the scenario of further growth of EUR/USD is likely. Finding a buy position may be a wise decision for those who want to take advantage of a stronger euro.
⦁ Resistance levels are: $1.1040-55, $1.1090, $1.1180
⦁ Support levels are: $1.0975, $1.0945, $1.0865
The main scenario for the pair suggests a break of resistance at $1.1040-55 (May 8 high, session high) and there could be a rise to $1.1090 (May 3-4 high).
The alternative scenario implies a break of the support at $1.0975 (July 11 low) and there could be a decline to $1.0945 (July 10 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
