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- EUR/USD rose to a near 3-month high
EUR/USD rose to a near 3-month high
Today, the EUR/USD pair is showing steady growth, rising from 1.0470 to an almost 3-month high of 1.0595. The MA (200) H1 moving average line (1.0465) has been broken from the bottom up, which confirms the uptrend. The MACD histogram is growing in the positive zone, which confirms the upward momentum. The green bars are increasing, indicating increased buying activity. The current picture indicates an ongoing upward trend. The immediate growth target is the 1.0595 level. However, if buyers weaken, a retest of the 1.0465 level is possible.
Resistance levels are: 1.0545, 1.0595, 1.0630
Support levels are: 1.0465, 1.0390, 1.0360
The main scenario for the pair's advance implies a breakout of the session high of 1.0545 (Dec 11 high) and there may be an increase to 1.0595 (Dec 9 high)
An alternative scenario suggests a decline to MA (200) H1 (1.0465) and then maybe to 1.0390 (March 3 low).
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