empty
 
 
15.01.2024 05:29 AM
EUR/USD Day | Bullish Continuation expected

This image is no longer relevant

The EUR/USD chart is currently in a bullish ascending channel, and there is potential for the bullish momentum to continue towards the 1st resistance level. Here are the key support and resistance levels:

Support Levels:

The 1st support level at 1.08810 is identified as "An Overlap support" and is reinforced by the 61.80% Fibonacci Retracement. This level represents a crucial area where buying interest may emerge.

The 2nd support at 1.07590 is also identified as "An Overlap support," indicating its significance as a support zone.

Resistance Levels:

The 1st resistance level at 1.1008 is labeled as "An Overlap resistance." This level represents a zone where selling pressure may surface, potentially halting the upward momentum.

The 2nd resistance at 1.11430 is characterized as "Swing high resistance," emphasizing its importance as a significant barrier to further upward price movement.

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback