- Analytics
- Market analysis
- Technical Analysis
- EUR/USD is trading near a 6-week low
EUR/USD is trading near a 6-week low
Today, the EUR/USD pair is trading in the range of 1.0715-40 - slightly above the 6-week low of 1.0670 reached on Friday. On the hourly chart, the pair remains below the moving average line MA (200) H1 (1.0775) and on the four-hour chart below MA (200) H4 (1.0820). Technically speaking, the support of 1.0670 may keep EUR/USD from further decline. In case of breaking through this level, the pair may fall to 1.0640. The upper limit of 1.0850 represents a strong resistance level.
⦁ Resistance levels are: 1.0745, 1.0820, 1.0850
⦁ Support levels are: 1.0670, 1.0640-50, 1.0600
The main scenario for the pair's promotion assumes a breakout of support at 1.0670 (June 14 low) and there may be a decrease to 1.0640-50 (April 24 and May 5 lows)
An alternative scenario implies a breakout of the resistance of 1.0745 (June 14 high) and there may be an increase to 1.0820 (June 13 high) and then to 1.0850 (June 12 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
