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- The EUR / USD pair failed to break through the support of MA (200) H1
The EUR / USD pair failed to break through the support of MA (200) H1
Today, since the beginning of trading, the EUR/USD pair fell from $1.2135 to $1.2090, but during the European session it rose, regaining all the lost positions. The pair failed to break through the MA (200) H1 ($1.2110) moving average line. On the four-hour chart, the pair is testing MA (200) H4 ($1.2125). Technically speaking, the resistance of $ $1.2150-70 may keep the pair from further growth. The lower limit of $1.2080-90 is the nearest support. The most likely range of price movement for today may be hidden within the range of $1.2080-1.2170.
⦁ Resistance levels are: $1.2150-70, $1.2190, $1.2220
⦁ Support levels are: $1.2080-90, $1.2020, $1.1950
The main scenario for promoting the pair - growth in $1.2150-70 (February 11 and 16 highs), and then, possibly, to $1.2190 (January 22 high)
An alternative scenario - correction, decline to $1.2080-90 (February 12 low, session low) and then, maybe, to $1.2020 (February 17 low)
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