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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 mainly with a decline in the range of $1.2095-1.2130, after yesterday reaching the highest value since the beginning of the month of $1.2150. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.2060), but on the four-hour chart it remains below MA (200) H4 ($1.2160). Technically speaking, the strong resistance level of $1.2155 kept prices from rising further. The lower limit of MA (200) H1 ($1.2060) represents the support level. If this level is passed, the price may fall to $1.2020.
⦁ Resistance levels are: $1.2150-55, $1.2190, $1.2220
⦁ Support levels are: $1.2060, $1.2020, $1.1950
The main scenario for promoting the pair - correction, growth to the area of $1.2150-55 (January 29 and February 11 highs) and then may be to $1.2190 (January 22 high)
An alternative scenario - continuation of the downward movement to MA (200) H1 ($1.2060) and then there may be a decline to $1.2020 (February 8 low)
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