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- EUR / USD is trading near a near three-week low
EUR / USD is trading near a near three-week low
Today, the EUR / USD pair is trading in the range of $1.2140-80, after falling yesterday to a three-week low from $1.2130. On the hourly chart, the pair fell below the moving average line MA (200) H1 ($1.2255), and on the four-hour chart, it is testing MA (200) H4 ($1.2150). Technically speaking, a strong support level of $1.2130 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 $1.2130-1.2215
⦁ Resistance levels are: $1.2180, $1.2215, $1.2255
⦁ Support levels are: $1.2130, $1.2105, $1.2060
The main scenario for promoting the pair - correction, break of the session high of $1.2180 and may be an increase to $1.2215 (December 31 low)
An alternative scenario - break yesterday's low of $1.2130 (December 21 low) and may be a decline to $1.2105 (December 11 low)
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