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- EUR / USD regains positions lost since the start of trading
EUR / USD regains positions lost since the start of trading
Today, since the beginning of trading, the EUR/USD pair continued the decline that began during yesterday's US trading, and fell from $1.1820 to a one-month low of $1.1735. But during the European session, the pair rose to $1.1810, regaining most of the positions lost today. The pair fell below the moving average line MA (200) H1 ($1.1830) and on the four - hour chart-below MA (200) H4 ($1.1835). If EUR / USD is fixed below these levels, a new downtrend may begin to form. Until this happens, it may be worth continuing to stick to the Northern direction of trade and look for exit points to buy. The most likely range of price movement today may be hidden within the range of $1.1735-1.1830
⦁ Resistance levels are at: $1.1830, $1.1880, $1.1900-20
⦁ Support levels are at: $1.1735-50, $1.1695-1.1710, $1.1640
The main scenario for promoting the pair - breakout of MA (200) H1 ($1.1830) and then, growth to $1.1880 (September 16 high)
An alternative scenario - correction and probable decline of the pair to $1.1735-50 (September 9 low, session low)
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