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- EUR / USD remains above MA (200) H1 for the time being
EUR / USD remains above MA (200) H1 for the time being
Today, the EUR / USD pair fell slightly from $1.1800 to $1.1780 after a sharp increase on Friday from $1.1730 to $1.1805. On the hourly chart, the pack remains above the moving average line MA (200) H1 ($1.1775), but on the four-hour chart it is trading below MA (200) H4 ($1.1815). Technically speaking, a strong resistance level of $1.1805 can keep prices from rising. If it breaks through, prices may soar to $1.1860. MA (200) H1 ($1.1775) represents the support level. If it breaks through, the pair may fall to $1.1705-25.
⦁ Resistance levels are: $1.1805, $1.1860, $1.1910
⦁ Support levels are: $1.1775, $1.1705-25, $1.1650
The main scenario for promoting the pair - MA (200) H1 support breakout ($1.1775) and there may be a decline to $1.1705-25 (March 31 and August 10-12 lows)
An alternative scenario - correction, a break of the resistance of $1.1805 (August 13 high) and there may be an increase to $1.1860 (August 5 high)
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