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- EUR/USD fixed below MA (200) H1
EUR/USD fixed below MA (200) H1
Today, the EUR/US pair is trading mainly with an increase from $1.1545 to $1.1575 after a sharp decline to a 2.5-week low of $1.1535. On the four-hour chart, the pair was fixed below the moving average line of MA (200) H1 ($1.1625) and on the four-hour chart - below MA (200) H4 ($1.1645). In this situation, it is probably necessary to stick to the southern direction in trading, and at the end of the correction, it may be worth looking for exit points for sale.
⦁ Resistance levels are: $1.1690, $1.1750, $1.1790
⦁ Support levels are: $1.1630, $1.1570-80, $1.1525
The main scenario for promoting the pair — correction and may be a decline to $1.1525-35 (October 12-13 and 29 lows)
An alternative scenario — if the resistance of $1.1580 (October 26-28 low) is broken, the pair may rise to $1.1620-25 (October 26-27 high, MA (200) H1)
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