Today, the EUR / USD pair is trading in the range of $1.2025-65-slightly above the three-week low of $1.1990 reached on Tuesday. On the hourly chart, the pair remains below the MA (200) H1 moving average line ($1.2110). On the four-hour chart, the situation is similar. Technically speaking, the support of $1.2025 keeps prices from falling for the time being. If it breaks through, the pair may fall to $1.1990. The upper limit of $1.2110 represents the main resistance level.
⦁ Resistance levels are: $1.2065, $1.2110, $1.2180
⦁ Support levels are: $1.2025, $1.1990, $1.1950
The main scenario for promoting the pair - break of the support of $1.2025 (March 1 low, session low) and may be a decline to $1.1990 (March 2 low)
An alternative scenario - the session high of $1.2065 is broken, the pair may rise to $1.2110 (March 3 high, MA (200) H1)
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