- Analytics
- Market analysis
- Technical Analysis
- EUR/USD is trading near a 3-week high
EUR/USD is trading near a 3-week high
Today, the EUR/USD pair is trading in the range of 1.0470-1.0510 after rising to a 3-week high of 1.0515 on Friday. On the hourly chart, the pair remains above the MA (200) H1 moving average line (1.0390) and above MA (200) H4 (1.0360) on the four-hour chart. Based on the above, it is probably worth sticking to the northern direction in trading and as long as the pair remains above the MA 200 H1, it is necessary to look for entry points to buy. Technically speaking, the resistance of 1.0515 has kept EUR/USD from further growth so far. The lower boundary of 1.0375 represents a strong support level.
Resistance levels are: 1.0515-35, 1.0595, 1.0630
Support levels are: 1.0450, 1.0375-90, 1.0320
The main scenario for the pair's advance assumes a breakout of the area 1.0515-35 (Jan 24-27 and Feb 14 highs) and there may be an increase to 1.0595 (Dec 9 high).
An alternative scenario implies a breakout of the support 1.0450 (Feb 14 low) and there may be a decline to 1.0375-90 (Feb 13 low, MA (200) H1)
© 2000-2025. 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.
