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- EUR / USD remains below MA (200) H1
EUR / USD remains below MA (200) H1
Today, the EUR / USD pair is trading in the range of $1.2020-55 after rising on Friday from $1.1950 to $1.2050. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.2060) and on the four - hour chart-below MA (200) H4 ($1.2160). In this situation, it is probably worth continuing to adhere to the southern direction in trading and at the end of the correction, you should look for exit points for selling.
⦁ Resistance levels are: $1.2055-60, $1.2090, $1.2155
⦁ Support levels are: $1.2005, $1.1950, $1.1920
The main scenario for promoting the pair - breakout of the support $1.2005 (February 3 low) and may be a decline to $1.1950 (February 5 low)
An alternative scenario - breakout of the session high of $1.2055 and MA (200) H1 ($1.2060) and may be an increase to $1.2090 (February 2 high)
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