Yesterday the EUR/USD was trading higher and closed the day in positive territory around $1.1875. Today it was trading in a narrow range of $1.1865-75, staying close to yesterday's closing price. On the hourly chart, EUR/USD is still trading above the MA line (200) H1 ($1.1830). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the EUR/USD remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.
Resistances levels are at: $1.1890, $1.1915, $1.2000
Support levels are at: $1.1815, $1.1790, $1.1745
Probably, the main scenario - is continued growth to $1.1890 (Nov 18 high). An alternative scenario - may be consolidation below the MA 200 H1, followed by a fall to $1.1745 (Nov 11 low).
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