FX.co ★ EUR/USD

T E C H N I C A L _ A N A L Y S I S E U R / U S D Hello, lovely forum participants and guests. Let's analyze how the price of EUR/USD has changed. EUR/USD is trading at 1.1739 at the time of writing. Technically, we can see in the chart below that this chart represents a bullish continuation pattern. The Relative Strength Index (RSI) indicator points up; it is moving towards the resistance zone. At the same time, bullish signs from the moving average convergence divergence (MACD) indicator point to additional gains for the EUR/USD. There is no denying the price's positive activity because it is above the moving averages (20 EMA, 50 EMA) lines on this time frame chart, and the indicator is showing support for the bullish trend. The EUR/USD started to trend higher when it went in the opposite direction of the 20 EMA and 50 EMA moving average lines. On this chart, we see different colored markings which are indicative of supply and demand areas.

The first significant barrier is near the $1.2424 area for EUR/USD. The next significant barrier is near the $1.3573 area, which is the 2nd level of resistance. After that, I think the next possible target of EUR/USD is 1.3983, which is the 3rd level of resistance. On the other hand, before the $1.0200 and $0.9675 zone, the $1.1267 region is expected to safeguard the immediate downside. If EUR/USD breaks the support of 1.1267, then it can fall further down to 1.0200. After that, I think the next possible target of EUR/USD is 0.9675, which is the 3rd level of support. By providing you with the most recent articles about EUR/USD, I hope you will benefit from me. The indicators used in the chart: MACD indicator: RSI indicator period 14: 50-day exponential moving average color Orange: 20-day exponential moving average color Magenta: