European session, Date: 06/24/2024
Introduction and overview
This report provides technical analysis of the EURUSD pair, focusing on trading strategies based on resistance and support levels. The pair is currently trading at $1.0734. Prices are trading above most of the moving average crossings, indicating strength in the uptrend. The MACD indicator shows a positive trend, which enhances the positive possibilities for the pair.
Trading strategies based on buy/sell level
| In case of buying | in case of selling | EURUSD |
| 1.0744 | 1.0722 | Entry point |
| First resistance: 1.0766 | First support: 1.0700 | Target Point 1 (TP1) |
| Second resistance: 1.0790 | Second support: 1.0685 | Target Point 2 (TP2) |
| 1.0722 | 1.0744 Stop | Loss (SL) |
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.
