- Analytics
- Market analysis
- Technical Analysis
- EUR/USD is trading near a 4-week high
EUR/USD is trading near a 4-week high
Today, the EUR/USD pair is trading in the range of 1.0810-25 - around the 4-week high of 1.0845 reached on Friday. On the hourly chart, the pair remains above the MA (200) H1 moving average line (1.0780). The situation is similar on the four-hour chart. Technically speaking, the resistance of 1.0850 may keep EUR/USD from further growth. In case of breaking through this level, the pair may rise to 1.0915. The lower bound of 1.0710 represents a strong support level.
⦁ Resistance levels are: 1.0845-50, 1.0915, 1.0965
⦁ Support levels are: 1.0800, 1.0710, 1.0665
The main scenario for the pair's promotion assumes a breakout of the resistance of 1.0845-50 (June 12 and July 8 highs) and there may be an increase to 1.0915 (June 4 high)
An alternative scenario implies a breakout of the support of 1.0800 (July 5 low) and MA (200) H1 (1.0780) and there may be a decrease to 1.0710 (July 2 low)
© 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
