- Analytics
- Market analysis
- Technical Analysis
- EUR/USD shows steady decline
EUR/USD shows steady decline
On the hourly chart, the EUR/USD pair shows a steady decline, breaking through the support of the MA (200) moving averageH1 and approaching the level of 1.1720. This indicates increased selling pressure after the failure to overcome the resistance at 1.17900. The current chart structure forms a downward movement, while the price has broken through the previous consolidation and is trading below key medium-term benchmarks.
The MACD indicator reinforces the downward signals: the histogram goes deeper into the negative zone, and the indicator itself shows an increase in the bearish momentum. If the pair consolidates below the level of 1.1720, this will pave the way to the next target in the area of 1.1680. Quotes can only recover if they return above 1.1750, but for now the risks remain biased towards further decline.
Resistance levels are: 1.1790, 1.1830, 1.1850
Support levels are: 1.1720, 1.1680, 1.1580-90
The main scenario for the pair's advance suggests a breakout of the session high of 1.1790 (July 4 high) and there may be an increase to 1.1830 (July 1 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
