EURUSD Technical Analysis pair: Weak bearish trend

American session, date: 7/2/2024

Introduction and overview

This report provides a technical analysis of the EURUSD pair during the American session, focusing on trading strategies based on resistance and support levels. The pair is currently trading at the level of $1.0727. Prices are trading below most of the moving average crossings, indicating a weak downward trend. The MACD indicator shows a decline in the negative direction.

EURUSD Technical Analysis

Trading strategies based on Buy/Sell levels

EURUSD In case of buying in case of selling
Entry point 1.0742 1.0717
Target Point 1 (TP1) First resistance: 1.0749 First support: 1.0701
Target Point 2 (TP2) Second resistance: 1.0759 Second support: 1.0680
Stop Loss (SL) 1.0717 1.0742



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.

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