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- EUR / USD tests MA (200) H1
EUR / USD tests MA (200) H1
Today, the EUR / USD pair is trading mainly with a decline from $1.2195 to $1.2150 and is testing the MA (200) H1 ($1.2180) moving average line. On the four-hour chart, the pair is trying to test the strength of MA (200) H4 ($1.2145). Technically speaking, a strong support level of $1.2145 may keep prices from declining. If it breaks through, prices may drop to $1.2100. The upper limit of $1.2195 represents the resistance level. The most likely range of the pair's movement for today may be hidden within the range of $1.2145-95.
⦁ Resistance levels are: $1.2195, $1.2215-25, $1.2255-65
⦁ Support levels are: $1.2145, $1.2100, $1.2050
The main scenario for promoting the pair - correction, growth to $1.2195 (June 10 high, session high) and then maybe to $1.2215-25 (July 2 and 9 highs)
An alternative scenario - if the support of $1.2145 (June 7 and 10 lows) is broken, the pair may fall to $1.2100 (June 4 low)
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