EURUSD Technical Analysis: The EUR/USD pair is trading in an uptrend today, benefiting from the support of several technical indicators, as the pair recorded its highest price so far at 1.0901 and its lowest price at 1.0873, while it is currently trading at 1.0895. This narrow fluctuation in the price range indicates a state of relative stability in the market movement, with the possibility of continuing the upward trend in the event of more technical support.
EURUSD Technical Analysis: Price and Trading Analysis
Through analyzing the price movement, the pair shows steady trading above the short- and long-term moving averages.
which reflects the strength of the current upward trend and enhances the positive outlook for the pair. The positive attraction above these averages indicates continued support from buyers, which may lead to breaking higher resistance levels if this momentum continues.
Technical Analysis:
- MACD Indicator: The MACD indicator is showing a positive signal, as it has started to show bullish momentum again after a period of decline. The intersection of the ascending lines in the indicator also reflects the regaining of the trend’s strength, which enhances expectations of the continuation of the positive movement.
Outlook:
If the pair continues to trade above the moving averages, we are likely to see further gains during today’s trading session. The 1.0900 level is a major resistance area in the short term.
and if the pair manages to break this level, the uptrend may extend towards the 1.0920 and 1.0950 levels. On the other hand, if the price falls below 1.0870, the pair may come under some downside pressure, which may push it to test the support levels at 1.0850 and 1.0820.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.0903 | 1.0880 | Entry point |
| First resistance: 1.0915 | First support: 1.0873 | Target Point 1 (TP1) |
| Second resistance: 1.0929 | Second support: 1.0862 | Target Point 2 (TP2) |
| 1.0880 | 1.0903 | Stop Loss (SL) |
The EUR/USD pair is showing strength in the short-term uptrend. Prices continue to trade above the major moving averages, and the MACD indicator reinforces the positive outlook. However, monitoring resistance and support levels remains important to ensure that critical points that could affect price action in the coming hours are identified.
