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- The EUR / USD pair fell to a two-month low
The EUR / USD pair fell to a two-month low
Today, the EUR / USD pair fell sharply from $1.2090 to $1.2025, reaching a two-month low. The pair broke through the support of $1.2055, which became the nearest resistance. On the hourly chart, the pair is trading below the moving average line MA (200) H1 ($1.2130) and on the four - hour chart-below MA (200) H4 ($1.2185). In this situation, it is probably worth continuing to stick to the southern direction in trading and looking for exit points for selling
⦁ Resistance levels are: $1.2055, $1.2090, $1.2130-35
⦁ Support levels are: $1.2000, $1.1920, $1.1880
The main scenario for promoting the pair - decline to $1.2000 (November 30 high, psychological level) and then maybe decline to $1.1920 (November 30 and December 1 low)
An alternative scenario - correction, a break of the resistance of $1.2055 (January 27 and February 1 low) and may be an increase to the session high of $1.2090
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