- Analytics
- Market analysis
- Technical Analysis
- EUR/USD tests MA (200) H1
EUR/USD tests MA (200) H1
Today EUR/USD is trading in the range of 1.0760-1.0805 after last week's decline to the 2-month low of 1.7020. On the hourly chart, the pair is testing the MA (200) H1 moving average line (1.0790). On the four-hour chart, EUR/USD is trading below the MA (200) H4 (1.0895). Technically speaking, the support level of 1.0720 may keep prices from declining. In case of its breakdown, the pair may fall to 1.0655. The upper boundary of 1.0900 represents a strong resistance level.
⦁ Resistance levels are: 1.0805, 1.0900, 1.0930
⦁ Support levels are: 1.0720-40, 1.0655, 1.0520
The main scenario for the pair suggests a break of 1.0720-40 support (Dec 8 and Feb 5-6 and 8 lows) and there could be a decline to 1.0655 (Nov 10 low).
An alternative scenario implies a break of the session high of 1.0805 and there could be a rise to 1.0900 (Jan 25 and Feb 2 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
