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- The EUR / USD pair touched the resistance of MA (200) H1
The EUR / USD pair touched the resistance of MA (200) H1
Today, the EUR / USD pair is trading with an increase in the range of $1.1915-70 and touched the moving average line MA (200) H1 ($1.1970). On the four-hour chart, the pair is trading below MA (200) H4 ($1.2065). Technically speaking, a strong resistance level of$1.1990 may keep prices from rising further. If it breaks through, prices can soar to $1.2065. The lower bound of $1.1915 represents the support level. If this level is passed, the pair may fall to $1.1835. The most likely range of the pair's movement for today may be hidden within the range of $1.1915-90
⦁ Resistance levels are: $1.1990, $1.2065, $1.2110
⦁ Support levels are: $1.1915, $1.1835, $1.1800
The main scenario for promoting the pair -correction and decline to the session low of $1.1915
An alternative scenario - if the resistance of $1.1990 (March 2 low) and MA (200) H1 ($1.1970) are broken, the pair can rise to $1.2065 (March 4 high)
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