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- EUR / USD fell to a 3.5-month low
EUR / USD fell to a 3.5-month low
Today, the EUR / USD pair fell from $1.1815 to $1.1765, reaching a 3.5-month low. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.1825) and on the four-hour chart-below MA (200) H4 ($1.1960). In this situation, it is probably necessary to adhere to the southern direction in trading, and it is worth looking for exit points for sale.
⦁ Resistance levels are: $1.1820-25, $1.1850, $1.1880-95
⦁ Support levels are: $1.1765, $1.1740, $1.1705
The main scenario for promoting the pair - a break of the session low of $1.1765 and there may be a decline in the pair to $1.1740 (April 5 low)
An alternative scenario - if the area of $1.1820-25 (July 16 high, MA (200) H1 is broken, then the pair can rise to $1.1850 (July 15 high)
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