EURUSD Technical Analysis: The EUR/USD pair is trading in a weak upward trend today. The pair recorded its highest price so far at 1.0825 and the lowest price at 1.0795, and the current price stands at 1.0799. This limited upward trend reflects the market’s hesitation to make a clear decision.
EURUSD Technical Analysis Technical Analysis:
Price Analysis:
Looking at the charts, we find that prices are trading below the moving averages, indicating a weak upward trend. The presence of prices below these averages is evidence of the possibility of the market turning towards the downside.
Performance Indicators Analysis:
The MACD indicator indicates the end of the positive trend, as it has begun to show negative signs that reinforce the hypothesis of continued downward pressure. This reflects the possibility of the pair declining further if it is unable to break through the resistance levels.
Future Outlook:
In the coming hours, if the pair continues to trade below the moving averages, the chances of a downward trend will increase, and the price may head towards new support levels. It is important to monitor any signals that may indicate a change in momentum, whether through technical indicators or economic events affecting the market.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.0812 | 1.0792 | Entry point |
| First resistance: 1.0818 | First support: 1.0781 | Target Point 1 (TP1) |
| Second resistance: 1.0829 | Second support: 1.0767 | Target Point 2 (TP2) |
| 1.0792 | 1.0812 | Stop Loss (SL) |
Technical analysis of the EUR/USD pair indicates a weakening of the uptrend and the emergence of negative signals supporting the downtrend. Traders should remain vigilant towards key support and resistance levels, taking into account the influence of technical indicators on the market movement.
