The euro just popped above $1.17 as optimism grows around a potential US-EU trade deal, following the recent US-Japan agreement. 📊
From a technical perspective:
• The euro found support at the April high of 1.1573, rebounding sharply — a strong sign that the bull trend is still intact. 🚀
• Next resistance levels to watch:
o 1.1830 – July’s high 📅
o 1.1850 – Top of a long-term channel from 2022 📈
o 1.2000 – The 200-month moving average, a major long-term target that often attracts price reaction 🔄
📌 Key takeaway: The path of least resistance remains to the upside, with momentum building toward 1.18+ in the near term.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
From a technical perspective:
• The euro found support at the April high of 1.1573, rebounding sharply — a strong sign that the bull trend is still intact. 🚀
• Next resistance levels to watch:
o 1.1830 – July’s high 📅
o 1.1850 – Top of a long-term channel from 2022 📈
o 1.2000 – The 200-month moving average, a major long-term target that often attracts price reaction 🔄
📌 Key takeaway: The path of least resistance remains to the upside, with momentum building toward 1.18+ in the near term.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
technicalanalysts.com
technicalanalysts.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
technicalanalysts.com
technicalanalysts.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.