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- EUR / USD is trading near a one-month low
EUR / USD is trading near a one-month low
Today, the EUR / USD pair is trading in the range of $1.1660-95 after falling yesterday to a one-month low of $1.1650. On the hourly chart, the pair settled below the moving average line MA (200) H1 ($1.1795) and on the four - hour chart-below MA (200) H4 ($1.1760). In this situation, finding a sell position can probably be a wise decision for those who want to take advantage of a stronger US dollar.
⦁ Resistance levels are at: $1.1695, $1.1760, $1.1795
⦁ Support levels are at: $1.1650, $1.1610, $1.1540
The main scenario for promoting the pair - break yesterday's low of $1.1650 and decline to $1.1610 (September 25 low)
An alternative scenario - if the session high of $1.1695 is broken, the pair is likely to grow to $1.1760 (October 29 high)
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