- Analytics
- Market analysis
- Technical Analysis
- EUR/USD is testing MA (200) H1
EUR/USD is testing MA (200) H1
Today, the EUR/USD pair is mainly growing in the range of 1.0530-85 after rising on Friday to an almost one-month high of 1.0630. On the hourly chart, the pair pushed off and began to grow from the moving average line MA (200) H1 (1.0535), but on the four-hour chart it remains below MA (200) H4 (1.0645). Technically speaking, the resistance area of 1.0630 is still keeping EUR/USD from rising. If this level is passed, the pair may rise to 1.0665. The lower bound of 1.0460 represents a strong support level. The most likely range of the pair's movement for today may be hidden within the existing range of 1.0460-1.0630.
⦁ Resistance levels are: 1.0630, 1.0665, 1.0730
⦁ Support levels are: 1.0530, 1.0460, 1.0425
The main scenario for the pair's promotion assumes a breakout of the session low of 1.0530 and may be a decline to 1.0460 (Dec 2 low)
An alternative scenario implies a breakout of the resistance of 1.0630 (Dec 6 high) and there may be an increase of 1.0665 (Nov 11 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
