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- EUR / USD remains above MA (200) H1
EUR / USD remains above MA (200) H1
Today, the EUR / USD pair is trading in the range of $1.2140-85 and remains above the MA (200) H1 moving average line ($1.2135). On the four-hour chart, the pair failed to rise above MA (200) H4 ($1.2185). Technically speaking, a strong resistance level of $1.2190 may keep EUR / USD from rising further. If it breaks through, the price may rise to $1.2220. MA (200) H1 ($1.2135) is the nearest support. If it is passed, the pair may follow the correction to $1.2050-75. The most likely range of the pair's movement for today may be hidden within the range of $1.2135-90.
⦁ Resistance levels are: $1.2190, $1.2220, $1.2285
⦁ Support levels are: $1.2135, $1.2050-75, $1.2040
The main scenario for promoting the pair - correction, a break of the resistance of $1.2190 (January 22 high) and there may be an increase in the pair to $1.2220 (January 13 high)
An alternative scenario - if the MA (200) H1 ($1.2135) line is broken, the pair may fall to $1.2050-75 (January 18-20 lows)
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