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- The EUR / USD pair has fallen sharply and is testing the MA (200) H1
The EUR / USD pair has fallen sharply and is testing the MA (200) H1
Today, before the start of European trading, the EUR/USD pair rose from $1.2180 to $1.2250, but later fell sharply to $1.2195, losing almost all the positions won. On the hourly chart, the pair is testing the moving average line MA (200) H1 ($1.2200), while on the four-hour chart it remains well above MA (200) H4 ($1.2020). In this situation, it is probably worth sticking to the North direction in trading and at the end of the correction, look for entry points to buy. The most likely range of movement of the pair for today can be hidden within the range of $1.2175- $1.2255.
⦁ Resistance levels are: $1.2220, $1.2255-70, $1.2290
⦁ Support levels are: $1.2175, $1.2150, $1.2105
The main scenario for promoting the pair - correction, break of resistance $1.2220 (December 23 high) and may be an increase to $1.2255-70 (December 17-18 and 22 highs)
An alternative scenario - a breakout of the support of $1.2175 (December 24 low) and may be a decline of the pair to $1.2150 (December 22-23 low)
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