Technical Analysis Report: EURUSD

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 $1.0705. 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
Buy sell trend
1.0713 1.0698 Entry point
First resistance: 1.0726 First support: 1.0685 Target Point 1 (TP1)
Second resistance: 1.0750 Second support: 1.0655 Target Point 2 (TP2)
1.0698 1.0713 Stop Loss (SL)



These strategies depend on the price’s location relative to support and resistance levels and suggest the best ways to profit from price movements based on support and resistance indicators. Traders should carefully monitor these levels to identify appropriate opportunities to enter and exit the market, while maintaining appropriate risk management strategies to protect their investments

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