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- EUR / USD remains below MA (200) H1
EUR / USD remains below MA (200) H1
Today, the EUR / USD pair is trading in the range of $1.1780-1.1830-slightly above the strong support of $1.1780 (September 4 low). On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.1865), but on the four-hour chart, it tests MA (200) H4 ($1.1815). If the pair is fixed below these levels, it is likely to start forming a new downtrend. While this has not happened, it is probably worth continuing to stick to the North direction in trading, and may consider buying during the correction
⦁ Resistance levels are at: $1.1865, $1.1930, $1.1965
⦁ Support levels are at: $1.1755-80, $1.1695-1.1710, $1.1640
The main scenario for promoting the pair - if the strong resistance of $1.1865 breaks through (August 3-4 high, MA (200) H1, the pair is likely to rise to $1.1930 (September 2 high)
An alternative scenario - if the area breaks $1.1755-80 (August 21, 26-27 and September 4 lows, session lows), the pair is likely to decline to $1.1695-1.1710 (August 3 and 12 low)
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