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- EUR/USD remained below MA (200) H1
EUR/USD remained below MA (200) H1
Today, the hourly chart of EUR/USD shows a consolidation phase after a downward movement that began from the level of 1.1575. The price is currently trading near 1.1350, remaining below the key resistance of 1.1400 and the MA (200) H1 moving average, indicating continued bearish pressure. Growth attempts are limited by resistance in the 1.1400 area, which previously served as support and now acts as a barrier to an upward movement. The support is located at 1.1310, and the stronger one is at 1.1260. The MACD remains uncertain and hovers around zero, which confirms the absence of a clearly defined trend and indicates a possible pause in the movement. The overall technical background remains neutral and bearish.
Resistance levels are: 1.1400, 1.1440, 1.1575
Support levels are: 1.1305, 1.1260, 1.1145
The main scenario for the pair's advance implies a breakout of the resistance 1.1400 (April 24 high, МА (200) Н1) and there may be an increase to 1.1440 (April 23 high)
An alternative scenario assumes a breakout of the support 1.1310 (April 23 low) and there may be a decline to 1.1260 (April 15 low)
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