EURUSD Technical Analysis: The EUR/USD pair continues its bullish trading today, recording its highest price so far at 1.05061, while recording its lowest price at 1.04826. Currently, the pair is trading at 1.04913, reflecting a positive movement during the current trading session.
EURUSD Technical Analysis: Trading Price Analysis
It is noted that the EUR/USD pair is showing a continuous bullish movement, and trading prices above the moving averages is considered a positive sign, which enhances the possibility of continuing the bullish trend in the short term. Also, the stability of prices above these indicators reflects the strength of the bullish momentum and enhances the chances of continuing the positive trend.
Technical Analysis:
Technically, the MACD indicator shows positive signals supporting the bullish trend.
as the indicator reflects an increase in bullish momentum and confirms the strength of the current trend. The presence of price movement above the critical levels of technical indicators.
such as the simple moving average and the exponential moving average, indicates that the market favors the bullish trend at the present time.
Outlook:
If the price continues to trade above the current support levels, the EUR/USD pair is expected to continue its upward trend towards new levels.
with the possibility of targeting its highest levels in the near term. However, any changes in the trend should be monitored based on price volatility or any economic data that affects the market movement.
Trading strategies based on Buy/Sell levels
| EURUSD | In case of buying | in case of selling |
| Entry point | 1.05093 | 1.04622 |
| Target Point 1 (TP1) | First resistance: 1.05359 | First support: 1.04418 |
| Target Point 2 (TP2) | Second resistance: 1.05521 | Second support: 1.04325 |
| Stop Loss (SL) | 1.04622 | 1.05093 |
Current technical analysis suggests that the EUR/USD pair is trading in an uptrend, supported by positive signals from the moving averages and the MACD. However, traders should keep a close eye on the market to monitor any changes in price action that could affect the future direction of the pair.
