Today, the EUR / USD pair is trading in the range of $1.1905-30 - slightly below the high of early September ($1.1940) reached yesterday. EUR / USD remains above the moving average line MA (200) H1($1.1880) and above MA (200) H4 ($1.1800) on the four - hour chart. Yesterday's high of $1.1940 may keep EUR / USD from rising. If it breaks through, the pair may rise to $1.1965. The lower limit of $1.1880 represents support. If it is passed, the pair may fall to $1.1830. The most likely range of movement of the pair today can be hidden within the range of $1.1880-$1.1940.
⦁ Resistance levels are at: $1.1940, $1.1965, $1.2010
⦁ Support levels are at: $1.1880, $1.1830, $1.1800
The main scenario for promoting the pair - break yesterday's high of $1.1940 and the pair may grow to $1.1965 (August 31 high)
An alternative scenario - if the support of $1.1880 is broken (November 25 low, MA (200) H1), then the pair is likely to decline to $1.1830 (November 24 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.