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- EUR / USD tests MA (200) H1
EUR / USD tests MA (200) H1
Today, the EUR / USD pair is trading in the range of $1.2050-1.2105, after yesterday, during US trading, it fell sharply from $1.2150 to $1.2065. On the hourly chart, the pair is testing the MA (200) H1 ($1.2080) moving average line, but on the four-hour chart, it is trading well above MA (200) H4 ($1.1970). Technically speaking, the $1.2050 support kept prices from falling further. If it breaks through, prices may fall to $1.1985. The session high of $1.2105 represents a resistance level. The most likely range of the pair's movement for today may be hidden within the existing range of $1.2050-1.2105.
⦁ Resistance levels are: $1.2105, $1.2150, $1.2180
⦁ Support levels are: $1.2050, $1.1985, $1.1940
The main scenario for promoting the pair - breakout of the session high of $1.2105 and may be an increase to $1.2150 (May 12 high)
An alternative scenario - breakout of the session low of $1.2050 (May 7 low) and may be a decline to $1.1985 (May 5 low)
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