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- The EUR / USD pair has declined and is testing the MA (200) H1
The EUR / USD pair has declined and is testing the MA (200) H1
Today, the EUR / USD pair is trading mainly with a decline in the range of $1.1810-55 and is testing the level of the moving average MA (200) H1 ($1.1830). On the four-hour chart, the pair remains above the MA (200) H4 ($1.1780). Technically speaking, a strong support level of $1.1810 may keep EUR / USD from falling further. If it breaks through, prices may fall to $1.1745. The upper limit of $1.1895 represents the resistance level. If this level is passed, the pair may follow a correction to $1.1920. The most likely range of movement of the pair today can be hidden within the range of $1.1810-95.
⦁ Resistance levels are at: $1.1895, $1.1920, $1.1965
⦁ Support levels are at: $1.1810, $1.1745, $1.1710
The main scenario for promoting the pair - correction and growth to $1.1895 (November 17 -18 high)
An alternative scenario - if the support of $1.1810 is broken (November 16 low, session low), the pair is likely to decline to $1.1745 (November 11 low)
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