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- The EUR / USD pair broke through the support of MA (200) H1
The EUR / USD pair broke through the support of MA (200) H1
Today, the EUR / USD pair continued the decline that began during yesterday's US trading, and fell to a weekly low of $1.2060. The pair broke through the support of MA (200) H1 ($1.2095), which became the nearest resistance. On the four-hour chart, the pair also fell below MA (200) H4 ($1.2140). The support of $1.2020 may keep the pair from further decline. If this level is broken, then EUR / USD may fall to $1.1950.
⦁ Resistance levels are: $1.2095, $1.2170-90, $1.2220
⦁ Support levels are: $1.2020, $1.1950, $1.1920
The main scenario for promoting the pair - it is possible to continue the downward movement to $1.2020 (February 8 low)
An alternative scenario - correction, break of the line MA (200) H1 ($1.2095) and may be an increase to $1.2170-90 (January 21-27 and February 16 highs)
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