- Analytics
- Market analysis
- Technical Analysis
- EUR/USD trades near 9-week low
EUR/USD trades near 9-week low
Today, the EUR/USD pair is trading in the range of 1.0790-1.0820 - slightly above the 9-week low of 1.0765 reached on Friday. On the hourly chart, the pair remains below the MA (200) H1 moving average line (1.0860) and on the four-hour chart below the MA (200) H4 (1.1005). Technically speaking, the 1.0765 support level may keep prices from further declines. If broken, EUR/USD could fall towards 1.0735. The upper boundary of 1.0880 represents a strong resistance level. The most likely range of the pair's movement for today may be hidden within the 1.0765-1.0880 range.
⦁ Resistance levels are: 1.0840, 1.0880, 1.0935
⦁ Support levels are: 1.0765, 1.0730, 1.0670
The main scenario for the pair suggests a break of support at 1.0765 (Aug 25 low) and may be a decline to 1.0735 (June 12 low)
The alternative scenario implies a break of resistance at 1.0840 (Aug 25 high) and MA (200) H1 (1.0860) and may be a rise to 1.0935 (Aug 16 and 22 highs).
© 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
