- Analytics
- Market analysis
- Technical Analysis
- EUR/USD is testing the MA (200) H1.
EUR/USD is testing the MA (200) H1.
Today, the EUR/USD pair is trading in the range of 1.0840-60 and is testing the MA (200) H1 (1.0835) moving average line on the hourly chart. On the four-hour chart, the pair moved slightly above the MA (200) H4 (1.0810). Technically speaking, the resistance level of 1.0865 may keep prices from further growth. In case of its breakdown, the pair may fall to 1.0900. The lower boundary of 1.0790 represents a strong support level.
⦁ Resistance levels are: 1.0865, 1.0890-1.0900, 1.0930
⦁ Support levels are: 1.0790-95, 1.0760, 1.0730
The main scenario of the pair's advance assumes a break of support at 1.0825 (March 4 low, MA (200) H1) and there may be a decline to 1.0790-95 (Feb 21 and 28-29 lows)
The alternative scenario implies a break of resistance at 1.0865 (Feb 27 high) and a possible rise to 1.0890-1.0900 (Jan 25, Feb 2 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
