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- EUR/USD remains above MA (200) H1
EUR/USD remains above MA (200) H1
Today, there is a steady upward movement on the hourly chart of EUR/USD after the formation of support in the area of 1.0955. The price broke above the MA (200) H1 moving average (1.0930), which is a bullish signal and indicates a change in the medium-term mood towards purchases. At the moment, the pair is trading around 1.1065, approaching the resistance level of 1.1105. In case of a confident breakdown of this level, further movement to the next significant resistance in the area of 1.1145 is possible. The MACD is showing positive dynamics, with green histograms and rising values, which confirms the current upward momentum. The nearest support is now located at 1.0955, and then in the 1.0930 zone, where the MA (200) H1 also passes, acting as dynamic support.
Resistance levels are: 1.1105, 1.1145 1.1215
Support levels are: 1.0930-55, 1.0885, 1.0805
The main scenario for the pair's advance implies a breakout of the resistance of 1.1105 (April 4 high) and there may be an increase to 1.1145 (April 3 high)
An alternative scenario suggests a breakout of support at 1.0955 (March 18 high), a decline to MA (200) H1 (1.0930) and then maybe to 1.0885 (April 8 low)
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