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- The EUR / USD pair rose to new highs in April 2018
The EUR / USD pair rose to new highs in April 2018
Today, the EUR / USD pair rose from $1.2275 to $1.2350, reaching new highs in April 2018. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.2250), and on the four-hour chart it remains well above MA (200) H4 ($1.2105). In this situation, finding a buy position can be a wise decision for those who want to take advantage of a stronger European currency.
⦁ Resistance levels are: $1.2350, $1.2410, $1.2475
⦁ Support levels are: $1.2250-75, $1.2215, $1.2175
The main scenario for promoting the pair - breakout of the resistance of $1.2350 (high of April 20’ 2018) and may be an increase to $1.2410 (high of April 17’ 2018)
An alternative scenario - correction and decline to $1.2250-75 (January 5 low, session low, MA (200) H1
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