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- EUR / USD failed to break through the resistance of MA (200) H1
EUR / USD failed to break through the resistance of MA (200) H1
Today, since the beginning of trading, the EUR/USD pair has grown from $1.1860 to $1.1895, but during the European session it fell sharply to $1.1830. On the hourly chart, the pair failed to break through the MA (200) H1 moving average line ($1.1895). On the four-hour chart, the pair is trading below MA (200) H4 ($1.2065). Technically speaking, a strong resistance level of $1.1895 may have kept prices from further growth. If it breaks through, prices may soar to $1.1940. The lower limit of $1.1805 represents the support level. The most likely range of oil price movements for today may be hidden within the range of $1.1805-95.
⦁ Resistance levels are $1.1895-1.1910, $1.1940, $1.1975
⦁ Support levels are: $1.1805, $1.1740, $1.1705
The main scenario for promoting the pair - there may be a decline in the pair to $1.1805 (July 2 low)
An alternative scenario - if the resistance of $1.1895-1.1910 (June 30 high, MA (200) H1, session maximum) is broken, the pair can rise to $1.1940 (June 28 high)
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