EUR/USD remains above MA (200) H1

Today, the hourly chart of the EUR/USD currency pair is consolidating after a sharp impulse growth that began on April 2. The price reached a local maximum around 1.1110, followed by a downward correction. At the moment, the pair is trading near the 1.0935 level, while it finds support slightly above the 1.0900 mark, and the nearest resistance is located around 1.0995. The MA (200) H1 moving average (1.0885) acts as a dynamic support. This suggests that, in general, the upward momentum has not yet been fully exhausted, despite the current correction. The MACD indicator shows a fading downward trend: the histogram is below the zero line, but it is beginning to narrow, which may indicate a weakening of selling pressure and a potential upward reversal attempt.

In the short term, the market looks neutral with the risk of continued correction, but while maintaining above the key support, the upward scenario still remains in force.

Resistance levels are: 1.0995, 1.1050, 1.1110

Support levels are: 1.0900, 1.0805, 1.0765

The main scenario for the pair's advance implies a breakout of the session high of 1.0995 and there may be an increase to 1.1050 (April 7 high) 

An alternative scenario suggests a breakout of the support 1.0900 (April 7 low), a decline to MA (200) H1 (1.0885) and then maybe to 1.0805 (April 3 low)