Technical Analysis
14.01.2022, 12:17

EUR/USD is trading near a 2-month high

Today, the EUR/USD pair is trading in the range of $1.1450-85 - about a 2-month high. On the hourly chart, the pair fixed above the moving average line MA (200) H1 ($1.1355) and on the four-hour chart - above MA (200) H4 ($1.1320). Technically speaking, the resistance of $1.1485-90 may keep the pair from further growth. If it breaks through, prices may soar to $1.1610-20. The lower bound of $1.1435 represents the support level.

It is worth noting that a bearish divergence has formed on the hourly chart according to the MACD indicator, which signals a possible change in the direction of price movement.

Resistance levels are: $1.1485-90, $1.1610-20, $1.1690

Support levels are: $1.1435,  $1.1385, $1.1355

The main scenario for promoting the pair  — the resistance breakout is $1.1485-90 (November 11 high, session high) and there may be an increase to $1.1610-20 (November 2-4 and 9 highs)

An alternative scenario — support breakout of $1.1435 (January 13 low) and there may be a decline to $1.1385 (December 31 high)

Symbol Bid Ask Time

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 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

Live Chat E-mail
Choose your language / location