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- EUR / USD comes under the control of bears
EUR / USD comes under the control of bears
Today, the EUR / USD pair continues to trade with a decline from $1.2130 to $1.2105 after a sharp decline yesterday from $1.2215 to $1.2220. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.2200) and on the four-hour chart, the pair fell below MA (200) H4 ($1.2130). In this situation, you should probably start to stick to the southern direction in trading and may be worth looking for an exit point to sell.
⦁ Resistance levels are: $1.2130, $1.2165, $1.2200-15
⦁ Support levels are: $1.2050, $1.1985, $1.1940
The main scenario for promoting the pair - continuation of the downward movement to $1.2050 (May 7 and 13 low)
An alternative scenario - breakout of the session high of $1.2130 and may be a rise of $1.2165 (July 2 low)
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