EURUSD Technical Analysis :The EUR/USD pair witnessed positive trading activity at the beginning of this week, as it was able to achieve significant gains, with its highest level today at 1.05278 and its lowest at 1.04691. The pair is currently trading at 1.05081, reflecting an upward movement in the market.
EURUSD Technical Analysis: Technical Analysis:
Technically, the pair shows that prices are trading above the main moving averages, which supports the continuation of the upward trend in the short term. In addition, the MACD indicator shows positive signs indicating strong upward momentum, which enhances the chances of the upward trend continuing in the near term.
Trading Expectations:
Based on these technical data, the pair is expected to continue its upward path if it continues to trade above the strong support levels defined by the moving averages. Any downward correction may be temporary and may provide buying opportunities in the short term.
Trading strategies based on Buy/Sell levels
| EURUSD | In case of buying | in case of selling |
| Entry point | 1.05278 | 1.04760 |
| Target Point 1 (TP1) | First resistance: 1.05572 | First support: 1.04535 |
| Target Point 2 (TP2) | Second resistance: 1.05712 | Second support: 1.04422 |
| Stop Loss (SL) | 1.04760 | 1.05278 |
The EUR/USD pair is in an uptrend supported by positive technical signals. It is important to closely monitor support and resistance levels to identify suitable opportunities for traders, keeping in mind that any sudden changes in economic data or monetary policy may affect price action in the near future.
