- Analytics
- Market analysis
- Technical Analysis
- The EUR / USD pair fell to an almost three-week low
The EUR / USD pair fell to an almost three-week low
Today, the EUR / USD pair is trading mainly with a decline from $1.2215 to $1.2150, having fallen to a minimum on December 22-23. The pair broke through the $1.2215 support, which became the nearest resistance. On the hourly chart, the pair fell below the moving average line MA (200) H1 ($1.2265), but on the four-hour chart it remains above MA (200) H4 ($1.2140). Technically speaking, a strong support level of $1.2150 could keep EUR / USD from falling further. If it breaks through, the price may fall to $1.2105. The most likely range of movement of the pair for today can be hidden within the existing range of $1.2150-1.2215
⦁ Resistance levels are: $1.2215, $1.2265-85, $1.2310
⦁ Support levels are: $1.2150, $1.2105, $1.2060
The main scenario for promoting the pair - correction, growth to $1.2215 (December 31 low) and then maybe to $1.2265-85 (January 8 high, MA (200) H1)
An alternative scenario - breakout of the session low of $1.2150 (December 22-25 low) and may be a decline to $1.2105 (December 11 low)
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