Technical Analysis
17.05.2022, 11:11

EUR/USD is growing and testing MA (200) H1

Today, the EUR/USD pair is trading with an increase from $1.0430 to $1.0530 after reaching the lowest value since the beginning of January 2017 ($1.0350) last week. On the hourly chart, the pair is testing the MA (200) H1 ($1.0495) moving average line, but on the four-hour chart it remains significantly lower than MA (200) H4 ($1.0710). Technically speaking, the resistance of $1.0530 may keep prices from rising further. The lower bound of $0350 represents the support level.



Resistance levels are:  $1.0530, $1.0600, $1.0640

Support levels are:  $1.0430, $0390, $0350


The main scenario for promoting the pair  — decline to the session low of $1.0430 and then, maybe, to $0390 (May 16 low)


An alternative scenario — resistance breakout of $1.0530 (May 12 high, session high) and there may be an increase to $1.0600 (May 6 high)

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

© 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.

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 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
Feedback
Live Chat E-mail
Up
Choose your language / location