Today, during European trading, the EUR/USD pair declined from $1.2160 to $1.2110, but remains above the moving average line MA (200) H1 ($1.2105). On the four-hour chart, the pair is trading well above MA (200) H4 ($1.1890). MA (200) H1 ($1.2105) may keep the pair from further decline. If it breaks through, the price may fall to $1.2040-60. The upper limit of $1.2175 represents the resistance level. If this level is passed, EUR / USD may follow a correction to $1.2210. The most likely range of price movement for today may be hidden within the range of $1.2105-75.
⦁ Resistance levels are: $1.2160-75, $1.2210, $1.2245
⦁ Support levels are: $1.2040-60, $1.1925, $1.1880
The main scenario for promoting the pair - correction, growth to $1.216075 (December 3-7 and 10 highs, session high) and then maybe to $1.2210 (April 26’ 2018 high)
An alternative scenario - if the $1.2040-60 (December 2 and 9 lows) area is broken, the pair is likely to decline to $1.1925 (November 30 and December 1 lows)
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