- Analytics
- Market analysis
- Technical Analysis
- EUR/USD is trading near a 2-week high
EUR/USD is trading near a 2-week high
Yesterday, the EUR/USD pair rose from 1.0265 to a 2-week high of 1.0435. Today, the pair started trading with a decline to 1.0350, but later rose to 1.0385. On the hourly chart, EUR/USD has risen above the MA (200) H1 (1.0290) moving average line and is testing MA (200) H4 (1.0410) on the four-hour chart. Based on the above, it is probably worth starting to stick to the northern direction in trading and while the pair is fixed above the MA 200 H1, it is necessary to look for entry points to buy.
Resistance levels are at: 1.0435-60, 1.0540, 1.0595
Support levels are at: 1.0350, 1.0290, 1.0260
The main scenario for the pair's advance assumes a breakout of the resistance area of 1.0435-60 (Dec 30, Jan 6-7 and 20 highs) and there may be an increase to 1.0540 (Dec 11 and 17 high)
An alternative scenario implies a breakout of the session low of 1.0350 and MA (200) H1 (1.0290) and there may be a decline to 1.0260 (Jan 15-16 low)
© 2000-2025. 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
