EURUSD Technical analysis: The pair entered a sideways trend


European session, Date: 06/28/2024

Introduction and overview

The EUR/USD pair is one of the most widely traded currency pairs in the Forex market. This pair reflects the relationship between the two largest economies in the world: the Eurozone and the United States of America. Below is a technical analysis of the EUR/USD pair based on currently available data. The pair is currently trading at $1.0696. Data indicates that prices are trading between most moving average crossings, reflecting trend weakness. The MACD indicator also shows the end of the negative trend.

EURUSD technical analysis

Trading strategies based on Buy/Sell levels

In case of buying in case of selling EURUSD
1.0711 1.0687 Entry point
First resistance: 1.0735 First support: 1.0665 Target Point 1 (TP1)
Second resistance: 1.0760 Second support: 1.0645 Target Point 2 (TP2)
1.0687 1.0711 Stop Loss (SL)



In light of the current technical analysis of the EUR/USD pair, the pair is showing a sustainable uptrend, supported by prices trading above most of the moving average crossovers and positive signals from the MACD indicator. These indicators reinforce confidence in the continuation of upward momentum in the near term.

However, traders should monitor global economic and political developments that may affect price movement. Flexibility and attention to potential changes in the market are essential for success in trading. We hope that this analysis has provided a clear and useful vision for investors and traders, and has helped them make informed investment decisions supported by technical data.

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