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- The EUR / USD pair rose to a maximum on April 26’ 2018
The EUR / USD pair rose to a maximum on April 26’ 2018
Today, during European trading, the EUR/USD pair rose sharply from $1.2150 to $1.2210, reaching a high on April 26’ 2018. During writing, the pair is slightly down to $1.2190. On the hourly chart, EUR / USD is trading above the moving average line MA (200) H1 ($1.2130) and on the four - hour chart-significantly above MA (200) H4 ($1.1930). In this situation, the scenario of further growth of the EUR/USD pair is likely. Finding a buy position can be a wise decision for those who want to take advantage of a stronger European currency.
⦁ Resistance levels are: $1.2160-75, $1.2210, $1.2245
⦁ Support levels are: $1.2040-60, $1.1925, $1.1880
The main scenario for promoting the pair - breakout of the session high of $1.2210 (high of April 26’ 2018) and then maybe rise to $1.2245 (high of April 24’ 2018)
An alternative scenario - correction and may be a decline in the pair to $1.2105-30 (December 11-14 lows, MA (200) H1)
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