- Analytics
- Market analysis
- Technical Analysis
- EUR/USD is trading in a moderate upward range
EUR/USD is trading in a moderate upward range
On the hourly chart, the EUR/USD pair is trading in a moderate upward range, holding above the 1.1775 level after a short-term correction from the recent high around 1.1810. The main trend remains upward, which is confirmed by the stable position of the price above the MA (200) H1 moving average, which is currently passing near the 1.1710 mark and continues to grow steadily. At the current stage, the pair is recovering from an impulsive decline, but has not yet demonstrated a steady upward breakout. The MACD indicator is moving into a positive zone, and the histogram shows growing green bars, which indicates an increase in bullish momentum. As long as the price remains above 1.1710, the probability of continued growth remains, however, in order to confirm the upward momentum, the pair needs to overcome the 1.1810–1.1830 zone.
Resistance levels are: 1.1810-30, 1.1850, 1.1910
Support levels are: 1.1720, 1.1680, 1.1580-90
The main scenario for the pair's advance suggests a breakout of the resistance at 1.1810-30 (July 1-3 highs) and there may be an increase to 1.1850 (Sep 10’ 2021 high).
An alternative scenario implies a breakout of the support 1.1720 (July 3 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
