EURUSD Technical Analysis: Weak bearish trend

American session, date: 27/6/2024

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 $1.0696. Prices are trading above most of the moving average intersections, indicating a weak downward trend. The MACD indicator shows an end to the negative trend, which enhances the positive possibilities for the pair.

EURUSD Technical Analysis

Trading strategies levels on Buy/Sell levels

EURUSD In case of buying in case of selling
Entry point 1.0704 1.0676
Target Point 1 (TP1) First resistance: 1.0720 First support: 1.0666
Target Point 2 (TP2) Second resistance: 1.0740 Second support: 1.0656
Stop Loss (SL) 1.0676 1.0704

 

Conclusion

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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