Technical analysis of the EURUSD pair

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)



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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