- Analytics
- Market analysis
- Technical Analysis
- EUR / USD fell to a weekly low
EUR / USD fell to a weekly low
Today, the EUR/USD pair is mainly declining from 1.1145 to 1.1085, reaching a weekly low. On the hourly chart, the pair fell below the moving average line MA (200) H1 (1.1150) and on the four-hour chart it is testing MA (200) H4 (1.1100). Technically speaking, the support of 1.1070 keeps EUR/USD from further decline so far. If this level is passed, the pair may fall to 1.1000. The upper limit of 1.1215 represents a strong resistance level.
⦁ Resistance levels are: 1.1145-50, 1.1215, 1.1240
⦁ Support levels are: 1.1070-85, 1.1000, 1.0950
The main scenario for the pair's promotion assumes an increase to 1.1145-50 (session maximum, MA (200) H1) and then, maybe, to 1.1215 (Sept 25 high)
An alternative scenario implies a breakout of support 1.1070-85 (Sept 19 and 23 lows, session low) and may be a decrease to 1.1000 (Sept 11 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
