Technical Analysis
26.05.2023, 04:03

The EUR/USD rose slightly after yesterday's decline

Yesterday the EUR/USD traded lower and closed the day in the red zone near the price of $1.0725. Today it, on the contrary, rose a little, having risen to the level of $1.0735. At the same time, on the hourly chart, EUR/USD is still trading below the moving average line MA (200) H1 ($1.0800). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the EUR/USD remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.

  • Resistances levels are at: $1.0765, $1.0800, $1.0820-30

  • Support levels are at: $1.0705-10, $1.0615-30, $1.0550

Probably, the main scenario is a renewed decline towards $1.0710 (May 25 low).

The alternative scenario is consolidation above MA 200 H1, followed by a rise to $1.0905 (May 16 high).

Symbol Bid Ask Time

© 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 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