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- EUR / USD is testing MA (200) H1
EUR / USD is testing MA (200) H1
Today, the EUR / USD pair is trading in a narrow range of $1.1920-45 and is testing the MA (200) H1 moving average line ($1.1940) on the hourly chart. On the four-hour chart, the pair is trading below MA (200) H4 ($1.2110). Technically speaking, a strong resistance level of $1.1975 can keep prices from further growth. If it breaks through, prices may soar to $1.2005. The lower limit of $1.1910 represents the support level. The most likely range of oil prices movement for today may be hidden within the range of $1.1910-75.
⦁ Resistance levels are: $1.1975, $1.2005, $1.2090
⦁ Support levels are: $1.1910, $1.1880, $1.1845
The main scenario for promoting the pair - support breakout is $1.1910 (June 23 low) and there may be a decline to $1.1880 (June 22 low)
An alternative scenario - the resistance breakout is $1.1975 (June 25 high) and there may be an increase to $1.2005 (June 17 high)
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