EUR / USD is trading near a three-week low, below MA (200) H1

Today, the EUR / USD pair is trading in the range of $1.1755-85 and is trying to break through the strong support level of $1.1755 (August 21 minimum). On the hourly chart, the pair is trading below the moving average line MA (200) H1 ($1.1860), and on the four-hour chart it has fallen below MA (200) H4 ($1.1820), indicating that the pair is likely to fall under the control of bears. A strong support level ($1.1755) may keep EUR/USD from falling further. If it breaks through, the price may fall to $1.1695-1.1710. The session high represents the $1.1785 resistance level. If this level is passed, the pair may follow a correction to $1.1830. The most likely range of movement in oil prices today may be hidden within the existing range of $1.1755-85.

⦁ Resistance levels are at: $1.1785, $1.1830, $1.1860-65

⦁ Support levels are at: $1.1755, $1.1695-1.1710, $1.1640

The main scenario for promoting the pair  -breakout of the session low of $1.1755 (August 21 low) and the pair's likely decline to $1.1695-1.1710 (August 3 and 12 lows)

An alternative scenario - break of the session high of $1.1785 and the pair's likely growth to $1.1830 (September 8 high)