- Analytics
- Market analysis
- Technical Analysis
- EUR/USD continues to show weakness
EUR/USD continues to show weakness
On the hourly chart, the EUR/USD pair continues to show weakness, trading below the MA (200) H1 moving average, which indicates the dominance of bearish sentiment. After repeated attempts to overcome the 1.1545 level, the price turned down and is now trading near the 1.1470 mark, approaching the 1.1445 support. If it is breached, a decline to the area of 1.1405 is likely. The MACD indicator reinforces the negative picture: the histogram is expanding in the negative zone, and the MACD line is pointing down, which confirms the growing selling pressure. At the same time, the nearest resistance is located at 1.1545, and only a return above this level may signal a recovery in the upward trend. Overall, the technical picture remains negative, and short positions remain a priority while maintaining the current momentum.
Resistance levels are: 1.1545, 1.1580, 1.1615-30
Support levels are: 1.1445, 1.1405, 1.1355-70
The main scenario for the pair's advance suggests a breakout of support at 1.1445 (June 19 low) and a possible decline to 1.1405 (June 11 low).
An alternative scenario implies a breakout of the resistance 1.1545 (June 20 high) and there may be an increase to 1.1580 (June 17 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
