- Analytics
- Market analysis
- Technical Analysis
- EUR/USD is trading near a more than one-month low.
EUR/USD is trading near a more than one-month low.
The EUR/USD pair is trading in the 1.0880-1.0910 range today, after declining last week to a more than one-month low of 1.0845. On the hourly chart, the pair remains below the moving average line MA (200) H1(1.0920). On the four-hour chart, the situation is similar. Technically speaking, the support level of 1.0845 will be able to keep prices from further decline. In case of its breakdown, the pair may fall to 1.0770. The upper boundary of 1.1000 represents a strong resistance level.
⦁ Resistance levels are: 1.0910-20, 1.0970, 1.1000
⦁ Support levels are: 1.0845, 1.0770, 1.0725
The main scenario for the pair suggests a break of support at 1.0845 (Jan 17 low) and maybe a decline to 1.0770 (Dec 13 low).
The alternative scenario implies a break of resistance at 1.0910-20 (Jan 18 high, session high, MA (200) H1) and there could be a rise to 1.0970 (Jan 15 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
