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- The EUR / USD pair is trading lower, but remains above the MA (200) H4
The EUR / USD pair is trading lower, but remains above the MA (200) H4
Today, the EUR / USD pair fell from $1.2220 to $1.2160, losing most of the positions won at the end of yesterday's trading. On the hourly chart, the pair is trading below the moving average line MA (200) H1 ($1.2240), and on the four-hour chart it is testing MA (200) H4 ($1.2160). 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 $1.2130-1.2245.
⦁ Resistance levels are:$1.2220-45, $1.2285, $1.2310
⦁ Support levels are: $1.2130, $1.2105, $1.2060
The main scenario for promoting the pair - correction and may be an increase to $1.2220-45 (session high, MA (200) H1)
An alternative scenario - breakout of support at $1.2130 (December 21 and January 11 low) and may be a decline to $1.2105 (December 11 low)
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