EUR/USD remains above MA (200) H1

There is an uptrend on the hourly chart of the EUR/USD currency pair, which began after a period of consolidation and the breakdown of a key resistance level. Today, the pair is trading in the range of 1.0845-1.0900. The pair is trading above the MA (200) H1 moving average line (1.0765), which confirms the presence of bullish momentum. However, in recent hours, the price movement has slowed down, and a local correction is observed. The MACD indicator shows a decrease in the histogram, which indicates a possible weakening of the upward momentum. Important support levels are located at 1.0800 and 1.0765, while the nearest resistance is in the 1.0900 area. If the price fixes above this level, it is possible to continue its growth to 1.0950. In case of further correction, the breakdown of 1.0800 may lead to a deepening of the decline to 1.0765. The overall trend remains bullish, however, the current weakening of momentum may lead to short-term consolidation or pullback.

Resistance levels are: 1.0900, 1.0950, 1.1000

Support levels are: 1.0800, 1.0765, 1.0675

The main scenario for the pair's advance implies a breakout of the session high of 1.0900 and there may be an increase to 1.0950 (Oct 10-22 and March 11 high) 

An alternative scenario assumes a breakout of the support 1.0800 (March 10 low) and there may be a decline to 1.0675 (March 6 low, MA (200) H1)