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- EUR / USD is trading near the highs of the end of February
EUR / USD is trading near the highs of the end of February
Today, the EUR / USD pair fell from $1.2245 to $1.2205 in European trading, but remains near the highs of the end of February. Yesterday, the pair broke through the resistance of $1.2180, which became the nearest support. The pair settled above the moving average line MA (200) H1 ($1.2140) and on the four - hour chart-well above MA (200) H4 ($1.2025). In this situation, you should probably stick to the north direction, and in trading, you should look for the exit point to buy, at the end of the correction.
⦁ Resistance levels are: $1.2245, $1.2285, $1.2350
⦁ Support levels are: $1.2180, $1.2125-40, $1.2050
The main scenario for promoting the pair - breakout of the session high of $1.2245 (February 25 high) and may be an increase to $1.2285 (January 8 high)
An alternative scenario - correction and may be a decline to $1.2125-40 (May 17 low, MA (200) H1)
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