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- EUR / USD has declined and is testing MA (200) H1
EUR / USD has declined and is testing MA (200) H1
Today, the EUR / USD pair has fallen sharply from $1.2240 to $1.2130 and is testing the level of the MA (200) H1 moving average ($1.2165). On the four-hour chart, the pair remains well above the MA (200) H4 ($1.1980). The $1.2105-20 area may keep EUR / USD from falling. If it breaks through, the pair may fall to $1.2040-60. The upper limit of $1.2210 represents the resistance level. If this level is passed, EUR / USD may follow a correction to $1.2270. The most likely range of price movement for today may be hidden within the range of $1.2105-1.2270.
⦁ Resistance levels are: $1.2210, $1.2270, $1.2290
⦁ Support levels are: $1.2105-20, $1.2040-60, $1.1920
The main scenario for promoting the pair - correction and maybe a rise to $1.2270 (December 17-18 high)
An alternative scenario - breakout of the area $1.2105-20 (December 11-16 lows) and may be a decline of the pair to $1.2040-60 (December 2 and 9 lows)
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