EURUSD Technical Analysis: Bullish Trend

EURUSD Technical Analysis: The EUR/USD pair is trading in an upward trend today, as the market shows a generally positive movement. Despite the presence of a consolidation zone between the highest trading price for today at 1.03921 and the lowest price at 1.03668, the pair is still maintaining a stable bullish trend. At the time of analysis, it is trading at the level of 1.03837, which reflects the stability of the trend in the short term.

EURUSD Technical Analysis: Technical Analysis:

Technically, we notice that prices are trading above the moving average indicators, indicating the continuation of the bullish momentum in the market. This situation enhances the possibility of stabilizing the bullish trend in the short to medium term.

MACD Indicator: The MACD indicator shows a positive crossover and stabilizes in the positive zone.

which enhances the strength of the bullish trend. This indicates that the bullish momentum may continue in the coming period, with expectations of further increases if the current conditions persist.

Forecast:

The EUR/USD pair is expected to continue moving upwards.

especially if it continues to trade above the moving averages.

with the possibility of testing higher resistance levels, we may witness a price correction or a sideways movement in the market.

EURUSD Technical Analysis

Trading strategies based on Buy/Sell levels

EURUSD In case of buying in case of selling
Entry point 1.04010 1.03505
Target Point 1 (TP1) First resistance: 1.04306 First support: 1.03312
Target Point 2 (TP2) Second resistance: 1.04504 Second support: 1.03222
Stop Loss (SL) 1.03505 1.04010

 

Current technical analysis indicates a continuation of the uptrend, supported by positive signals from the moving averages and the MACD. Traders should keep a close eye on support and resistance levels, as any pullback below strong support could change the trend in the short term.

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