- Analytics
- Market analysis
- Technical Analysis
- EUR/USD remains above the MA (200) H1
EUR/USD remains above the MA (200) H1
Today, the EUR/USD pair is trading in the range of 1.0840-65 and remains above the MA (200) H1 (1.0810) moving average line on the hourly chart. On the four-hour chart, the pair is testing the MA (200) H4 (1.0830). Technically speaking, the resistance level of 1.0900 may keep prices from further growth. If it is broken, the pair may rise to 1.0930. The lower boundary of 1.0790 represents a strong support level.
⦁ Resistance levels are: 1.0900, 1.0930, 1.0970
⦁ Support levels are: 1.0790-1.0805, 1.0760, 1.0730
The main scenario of the pair's advance suggests a decline to 1.0790-1.0805 (Feb 21-22 lows, МА (200) Н1) and may be a decline to 1.0760 (Feb 19-20 low).
An alternative scenario implies a break of 1.0890-1.0900 resistance (Jan 25, Feb 2 and 22 highs) and there could be a rise to 1.0930 (Jan 24 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
