- Analytics
- Market analysis
- Technical Analysis
- EUR / USD is trading lower and testing MA (200) H1
EUR / USD is trading lower and testing MA (200) H1
Today, the EUR/USD pair declined from $1.1755 to $1.1690, after rising yesterday from $1.1665 to a weekly high of $1.1745. On the hourly chart, the pair is testing the MA (200) H1 moving average line ($1.1715), but on the four-hour chart, it is trading below MA (200) H1 ($1.1815). In this situation, you should stick to the southern direction and maybe you should look for exit points for sale. However, the most likely range of price movement today may be hidden within the range of $1.1665-1.1755.
⦁ Resistance levels are at: $1.1755-75, $1.1870, $1.1920
⦁ Support levels are at: $1.1665, $1.1610, $1.1580
The main scenario for promoting the pair - break in the support of $1.1665 (September 29 low) and then a decline in the pair to $1.1610 (September 25 low)
An alternative scenario - breakout of the $1.1755-75 area (September 22 high, session high) and then the pair may grow to $1.1870 (September 18-21 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
