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- EUR / USD testing the resistance of the MA (200) H1
EUR / USD testing the resistance of the MA (200) H1
Today, the EUR / USD pair is trading mainly with an increase from $1.2150 to $1.2200, after a sharp decline in yesterday's US trading from $1.2255 to $1.2150. On the hourly chart, the pair is testing the moving average line MA (200) H1 ($1.2185) and on the four-hour chart it is trading well above MA (200) H4 ($1.2005). In this situation, it is probably worth sticking to the North direction in trading and looking for entry points to buy.
⦁ Resistance levels are: $1.2210, $1.2255-70, $1.2290
⦁ Support levels are: $1.2130-50, $1.2105, $1.2060
The main scenario for promoting the pair - break of resistance at $1.2210 (December 16 high) and may be a rise to $1.2255-70 (December 17-18 and 22 highs)
An alternative scenario - breakout of the area $1.2130-50 (December 21-22 lows, session low) and may be a decline in the pair to $1.2105 (December 11 low)
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