In today’s Asian trading session, the euro exhibited strength against the US Dollar, surpassing the 1.0730 level. This upward movement occurs against a backdrop where no substantial economic announcements are anticipated from either the Eurozone or the United States today.
Investors continue to monitor the currency pair closely, capitalizing on periods of low volatility to make strategic decisions. Notably, amidst these trading conditions, users of a pioneering AI technology have reported significant success. These users have leveraged the system to automatically predict market movements, achieving a remarkable 34% Return on Investment within the last 24 hours. For more details on this breakthrough technology, click here.
Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table – 29/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.0766 | Daily R2 |
| Resistance 1 | 1.0749 | Daily R1 |
| Support 1 | 1.0701 | Daily S1 |
| Support 2 | 1.0684 | Daily S2 |
EURUSD Indicator Table – 29/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
EURUSD Indicator / Period Table – 29/04/2024
| Indicator / Period | Day – Buy | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Buy | Neutral | Neutral |
| SMA 20 | Buy | Sell | Sell |
EURUSD 29/04/2024 – Reference Price : 1.0724
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (3)Sell (0) |
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