- Analytics
- Market analysis
- Technical Analysis
- The EURUSD pair is trading near a near two-month high
The EURUSD pair is trading near a near two-month high
Today, the EUR / USD pair is trading in the range of $1.1860-1.1900-slightly below the September 10 low ($1.1920). On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.1735) and on the four - hour chart-above MA (200) H4 ($1.1750). Technically speaking, the resistance of $1.1920 can keep EUR / USD from further growth. If it breaks through, the pair may soar to $1.1965. The lower limit of $1.1790 represents the main support level. Most likely, finding a buy position may be a wise decision for those who want to take advantage of a stronger Euro.
⦁ Resistance levels are at: $1.1900-20, $1.1965, $1.2010
⦁ Support levels are at: $1.1860, $1.1790, $1.1710-35
The main scenario for promoting the pair - break the session high of $1.1900 (September 15 high) and rise to $1.1920 (September 10 high)
An alternative scenario - break of the session low of $1.1860 and possible decline to $1.1790 (November 6 low)
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