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- EUR / USD tests resistance of MA (200) H1
EUR / USD tests resistance of MA (200) H1
Today, the EUR / USD pair is trading with an increase from $1.1875 to $1.1930 and is testing the moving average line MA (200) H1 ($1.1925). On the four-hour chart, the pair remains below MA (200) H4 ($1.2030). Technically speaking, a strong resistance level of $1.1935 may keep the pair from rising further. If it breaks through, prices can soar to $1.1990. The lower bound of $1.1870-75 represents the support level. The most likely range of price movement for today may be hidden within the existing range of $1.1870-$1.1935
⦁ Resistance levels are: $1.1935, $1.1990, $1.2065
⦁ Support levels are: $1.1870-75, $1.1835, $1.1800
The main scenario for promoting the pair - correction and may be a decline to $1.1870-75 (March 10 and 19 lows, session low)
An alternative scenario - consolidation above MA (200) H1 ($1.1925), a breakout of the resistance of $1.1935 (March 19 high) and may be an increase to $1.1990 (March 11-12 and 17-18 highs)
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