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- The EUR / USD pair rose to a one-week high
The EUR / USD pair rose to a one-week high
Today, the EUR / USD pair rose from $1.1710 to $1.1810, reaching a weekly high. On the hourly chart, the pair rose above the MA (200) H1 moving average line ($1.1725) and broke through the $1.1770 resistance (November 4 high), which became the closest support. Technically speaking, the resistance of $1.1840 can keep EUR / USD from further growth. If it breaks through, the pair may soar to $1.1880. The lower limit of $1.1710-25 represents the main support level.
⦁ Resistance levels are at: $1.1840, $1.1880, $1.1920
⦁ Support levels are at: $1.1770, $1.1710-25, $1.1600-20
The main scenario for promoting the pair - breakout of the $1.1840 resistance (October 27 high) and may be an increase to $1.1880 (October 21 high)
An alternative scenario - correction and possible decline to $1.1710-25 (session low, MA (200) H1)
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