The EUR/USD pair is trading today in an upward trend, but it faces strong resistance at the 1.1145 level. Currently, the pair is trading at $1.1130. As the chart shows, the euro price continues to trade above the moving averages crossings, indicating the continuation of the bullish momentum. In addition, the MACD indicator shows that the purchasing power is still present, which supports the continuation of the bullish trend in the coming period.
Moving Averages and MACD Forecast
Moving Averages Forecast: The moving averages show the continuation of the bullish trend strength, with the price remaining above these averages, which enhances the possibility of further increases in the coming period.
MACD Indicator: The MACD indicator indicates the continuation of the purchasing power, with positive divergence enhancing the possibility of the continuation of the bullish momentum.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.1145 | 1.1120 | Entry point |
| First resistance: 1.1175 | First support: 1.1090 | Target Point 1 (TP1) |
| Second resistance: 1.1205 | Second support: 1.1060 | Target Point 2 (TP2) |
| 1.1120 | 1.1145 | Stop Loss (SL) |
If the EUR/USD pair manages to break the resistance at 1.1145, it is expected to target higher levels in the coming days. However, if the resistance is not broken, we may witness some corrective pullbacks, but the uptrend will remain dominant as long as trading continues above the moving averages.
