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- EUR / USD rose to a mid-may 2018 high
EUR / USD rose to a mid-may 2018 high
During the European session, the EUR/USD pair is trading in the range of $1.1960-95, after a sharp increase since the beginning of trading from $1.1935 to the maximum value since mid-may 2018 ($1.1995). On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.1850) and on the four - hour chart-significantly above MA (200) H4 ($1.1760), remaining under the control of the bulls. In this situation, it is probably worth continuing to stick to the North direction in trading, and look for entry points to buy.
⦁ Resistance levels are at: $1.1995, $1.2030, $1.2085
⦁ Support levels are at: $1.1960-65, $1.1880, $1.1850
The main scenario for promoting the pair - breaking the session high of $1.1995 (high of may 14, 2018) and rising to $1.2030 (high of may 2, 2018)
An alternative scenario - breakout of $1.1960-65 (August 18 and 31 high, session low) and decline to $1.1880 (August 31 low)
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