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- EUR / USD is slightly lower, but remains near a three-week high
EUR / USD is slightly lower, but remains near a three-week high
Today, the EUR/USD pair fell slightly to $1.1795, after a sharp rise on Friday to a three-week high of $1.1830. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.1760), and on the four-hour chart, it is trying to break through the support of MA (200) H4 ($1.1790). In this situation, it is probably worth continuing to adhere to the Northern direction in trading, and, at the end of the correction, you may need to look for exit points to buy. The most likely range of price movement today may be hidden within the range of $1.1760-1.1830.
⦁ Resistance levels are at: $1.1830, $1.1870, $1.1920
⦁ Support levels are at: $1.1760, $1.1725, $1.1685
The main scenario for promoting the pair - breakout of the resistance $1.1830 (October 9 high) and then the pair is likely to rise to $1.1870 (September 21 high)
An alternative scenario - in case of a breakout of MA (200) H1 ($1.1760), the pair may decline to $1.1725 (October 7 low)
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