EURUSD Technical Analysis: The EUR/USD pair is trading in an upward trend after a temporary downward correction. The pair recorded its lowest price today at 1.1122 before rising to a high at 1.1176, with the current trading price at 1.1163.
EURUSD Technical Analysis Technical Analysis:
The moving averages indicators show support for the upward trend, as prices returned to trade above them, which enhances the possibility of the continuation of the upward movement.
MACD Indicator: The MACD indicator shows the end of the negative trend, indicating positive signals, although the movement is still moderate. These signals support the possibility of the pair rising in the coming periods.
EURUSD Technical Analysis Trading Strategy:
In light of the current analysis, it is recommended to focus on buying points at nearby support levels. Stop loss orders should be placed below the 1.1120 level to ensure profit protection. Trading is expected to continue in an upward range if the purchasing power continues.
EURUSD Technical Analysis Expectations:
If the positive trend continues, we may witness an additional rise towards the 1.1200 levels.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.1176 | 1.1137 | Entry point |
| First resistance: 1.1195 | First support: 1.1122 | Target Point 1 (TP1) |
| Second resistance: 1.1225 | Second support: 1.1110 | Target Point 2 (TP2) |
| 1.1137 | 1.1176 | Stop Loss (SL) |
The EUR/USD pair remains under the influence of an uptrend, supported by positive signals from technical analysis indicators. It is advisable to trade with caution and watch for any significant market movements to ensure profits.
