- Analytics
- Market analysis
- Technical Analysis
- EUR/USD continues to trade in an uptrend
EUR/USD continues to trade in an uptrend
On the hourly chart, the EUR/USD pair continues to trade in an uptrend, demonstrating steady movement above the MA (200) H1 moving average, which is directed upward and is currently passing near the 1.1680 mark, which confirms the bullish market sentiment. After reaching a local maximum at 1.1830, quotes stabilized in the range between the support levels of 1.1750 and resistance levels of 1.1830. The MACD indicator indicates a moderate weakening of the bullish momentum: the histogram is decreasing and approaching the zero line, while the green and red columns alternate, indicating consolidation. The overall picture indicates a consolidation phase within the framework of an uptrend with the possibility of resuming growth under favorable conditions.
Resistance levels are: 1.1830, 1.1850, 1.1910
Support levels are: 1.1750, 1.1680, 1.1580-90
The main scenario for the pair's advance suggests a breakout of the resistance at 1.1830 (July 1 high) and there may be an increase to 1.1850 (Sep 10’ 2021 high).
An alternative scenario implies a breakout of the support 1.1750 (July 2 low) and there may be a decline to 1.1680 (June 27 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
