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- EUR/USD remains above MA (200) H1
EUR/USD remains above MA (200) H1
Today, the hourly chart of the EUR/USD pair shows an upward trend, which began after consolidation in the area of 1.0890 and the subsequent upward breakdown. The price confidently overcame the resistance levels of 1.1145 and 1.1260, which was accompanied by a strong impulse movement. The MACD indicator shows a recovery of bullish momentum - the histogram has moved into a positive zone and is starting to gain strength, which may indicate a possible continuation of growth. At the same time, the signal line also tends upward, which confirms the current upward trend. The MA (200) H1 moving average is pointing upwards and well below current prices, indicating a steady uptrend. The price is above the moving average, which confirms the predominance of buyers in the market.
Resistance levels are: 1.1430, 1.1470, 1.1510
Support levels are: 1.1260, 1.1145, 1.0890
The main scenario for the pair's advance implies a breakout of resistance at 1.1430 (April 14 high) and an increase towards 1.1470 (April 11 high).
An alternative scenario suggests a breakout of support at 1.1250 (April 15 low) and there may be a decline to 1.1145 (April 3 high, МА (200) Н1)
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