- Analytics
- Market analysis
- Technical Analysis
- EUR/USD dropped below MA (200) H1
EUR/USD dropped below MA (200) H1
Today, the hourly chart of EUR/USD shows a consolidation phase after a decline. The price is trading near the 1.1330 level, remaining below the MA (200) H1 moving average (1.1395), which indicates a predominance of bearish sentiment. The MACD indicator shows weak dynamics, the histogram is approaching zero, which confirms the absence of a pronounced impulse. The overall picture indicates uncertainty with a possible continuation of the downward trend in the event of a breakdown of local lows. An important level for buyers will be the return and consolidation above 1.1395.
Resistance levels are: 1.1395, 1.1440, 1.1575
Support levels are: 1.1260-85, 1.1145, 1.1095
The main scenario for the pair's advance implies a breakout of MA (200) H1 (1.1395) and there may be an increase to 1.1430-40 (April 23 and 28 highs)
An alternative scenario suggests a breakout of the session low of 1.1285, a decline of 1.1260 (April 15 low) and then, perhaps, to 1.1145 (April 3 high)
© 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
