Technical Analysis
05.08.2022, 11:05

EUR/USD is testing MA (200) H1

Today, the EUR/USD pair is trading in the range of $1.0220-55 after rising yesterday from $1.0155 to $1.0255. On the hourly chart, the pair is testing the moving average line MA (200) H1 ($1.0195), but on the four-hour chart, the pair remains below MA (200) H4 ($1.0270). Technically speaking, the resistance of $1.0295 may keep prices from rising further. The lower bound of $1.0095 represents the support level.

Resistance levels are: $1.0255, $1.0295, $1.0460-90

Support levels are: $1.0195, $1.0125, $1.0095

The main scenario for the pair's promotion is a breakout of the MA (200) H1 level ($1.0195) and there may be a decline to $1.0125 (August 3 low)

An alternative scenario is a breakout of the resistance of $1.0255 (August 4 high) and there may be an increase to $1.0295 (August 2 high)

Symbol Bid Ask Time

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