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- EUR / USD declines, but remains above MA (200) H1
EUR / USD declines, but remains above MA (200) H1
Today, the EUR / USD pair is trading down to $1.1880 after rising yesterday to a three-week high of $1.1925. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.1800), but on the four-hour chart it remains below MA (200) H4 ($1.1915). Technically speaking, the support of $1.1860 may keep the pair from further decline. If it breaks through, prices may fall to $1.1795-1.1800. The upper limit of $1.1925 represents the resistance level. The most likely range of price movement for today may be hidden within the range of $1.1860-1.1925
⦁ Resistance levels are: $1.1925-45, $1.1990, $1.2065
⦁ Support levels are: $1.1860, $1.1795-1.1800, $1.1740
The main scenario for promoting the pair - correction, growth to $1.1925-45 (March 22 and April 8 highs)
An alternative scenario - decline to $1.1860 (April 7-8 low) and then maybe to $1.1795-1.1800 (April 6 low, MA (200) H1)
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