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- EUR / USD is trading near the highs of the end of April 2018
EUR / USD is trading near the highs of the end of April 2018
Today, the EUR / USD pair is trading in the range of $1.2240-70, near the highs of the end of April 2018. On the hourly chart, EUR / USD is trading above the moving average line MA (200) H1 ($1.2155) and on the four - hour chart-significantly above MA (200) H4 ($1.1965). 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. It is worth noting that the 14-day relative strength index (RSI (14) on D1) is above the level of 70, which signals a possible change in the direction of price movement.
⦁ Resistance levels are: $1.2270, $1.2290, $1.2350
⦁ Support levels are: $1.2240, $1.2190, $1.2155
The main scenario for promoting the pair - break the session high of $1.2245 (December 17 high) and then maybe rise to $1.2290 (April 23’ 2018 high)
An alternative scenario - breakout of the session low of $1.2240 and the pair may decline to $1.2190 (December 17 low)
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