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- EUR / USD is trading lower, but remains above MA (200) H1
EUR / USD is trading lower, but remains above MA (200) H1
Today, the EUR / USD pair is trading with a decline from $1.1860 to $1.1800, losing most of the positions gained on Friday. Despite the decline, the pair remains above the MA (200) H1 moving average line ($1.1785) on the hourly chart. The situation is similar on the four-hour chart. In this situation, it is probably worth sticking to the North direction in trading and looking for exit points to buy. The $1.1785 support may keep EUR / USD from further decline. If this level is passed, the pair may fall to $1.1760. On the other hand, the pair may rise to the $1.1865-80 area. The most likely range of price movement to date may be hidden within the range. $1.1785-1.1880.
⦁ Resistance levels are at: $1.1865-80, $1.1920, $1.1965
⦁ Support levels are at: $1.1785, $1.1760, $1.1690-1.1700
The main scenario for promoting the pair - correction and growth to the area of $1.1865-80 (October 21-23 highs)
An alternative scenario - if the support breaks $1.1785 (October 23 low, MA (200) H1), the pair is likely to decline to $1.1760 (October 20 low)
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