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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 mainly with an increase in the range of $1.2035-75, after falling yesterday to a nearly two-week low ($1.2020). On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.2100) and on the four-hour chart, the pair also fell below MA (200) H4 ($1.2130). Technically speaking, the support of $1.2020 kept the pair from further decline. The upper limit of MA (200) H1 ($1.2100) is the nearest resistance. If this level is broken, the EUR / USD may rise to $1.2150-70. The most likely range of price movement for today may be hidden within the range of $1.2020-1.2100
⦁ Resistance levels are: $1.2100, $1.2150-70, $1.2190
⦁ Support levels are: $1.2020, $1.1950, $1.1920
The main scenario for promoting the pair - correction and may be a decline to $1.2020 (February 8 and 17 low)
An alternative scenario - breakout of the line MA (200) H1 ($1.2100) and may be an increase to $1.2150-70 (February 11 and 16 highs)
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