European session, Date: 06/26/2024
Introduction and overview
This report reviews technical analysis of the EUR/USD pair, focusing on trading strategies based on resistance and support levels. The pair is currently trading at $1.0697. Data indicates that prices are trading below most of the moving average crossings, reflecting the strength of the downward trend. The MACD indicator is also showing a negative trend.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.0706 | 1.0690 | Entry point |
| First resistance: 1.0725 | First support: 1.0670 | Target Point 1 (TP1) |
| Second resistance: 1.0750 | Second support: 1.0640 | Target Point 2 (TP2) |
| 1.0690 | 1.0706 | Stop Loss (SL) |
Conclusion
The technical analytical study of this data showed clear results indicating the main trends and changes in the market. The technical indicators used and graphical analysis highlight the relative strength of the assets studied, and help identify potential investment opportunities and associated risks. This technical analysis reflects the importance of integrating modern tools and technologies into the investment decision-making process to enhance efficiency and accuracy. In light of these results, investors can improve their strategies and achieve better performance in the financial markets.
