- Analytics
- Market analysis
- Technical Analysis
- EUR/USD remains below the MA (200) H1
EUR/USD remains below the MA (200) H1
The EUR/USD pair is mostly rising in the 1.0900-45 range today, after declining yesterday to a 5-week low of 1.0875. On the hourly chart, the pair remains below the MA (200) H1 moving average line (1.0965). On the four-hour chart, the pair is trading below the MA (200) H4 (1.1020). Technically speaking, the resistance level at 1.1005 may keep prices from rising further. If broken, EUR/USD could move up to 1.1065. The lower boundary of 1.0875 represents a strong support level. The most likely range of the pair's movement for today may be hidden within the existing 1.0875-1.1005 range
⦁ Resistance levels are: 1.0965, 1.1005, 1.1065
⦁ Support levels are: 1.0875, 1.0835, 1.0775
The main scenario for the pair suggests a break of support at 1.0875 (August 14 low) and may be a decline to 1.0835 (July 6 low).
The alternative scenario implies a breakout of the MA (200) H1 (1.0965) and resistance at 1.1005 (August 11 high) and may be a rise to 1.1065 (August 10 high).
© 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
