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- EUR / USD remains below MA (200) H1
EUR / USD remains below MA (200) H1
Today, the EUR / USD pair is trading mainly with an increase from $1.2090 to $1.2220 after a sharp decline on Friday from $1.2190 to $1.2090. On the hourly chart, the pair remains below the moving average line MA (200) H1 ($1.2165) and on the four-hour chart it is trading below MA (200) H4 ($1.2150). Technically speaking, the support of $1.2090 keeps prices from falling for the time being. If it breaks through, prices may fall to a monthly low of $1.2050. The upper limit of $1.2145-65 represents the resistance level. The most likely range of the pair's movement for today may be hidden within the range of $1.2090-1.2165.
⦁ Resistance levels are: $1.2145-65, $1.2195, $1.2215-25
⦁ Support levels are: $1.2090, $1.2050, $1.1985
The main scenario for promoting the pair - if the support of $1.2090 (June 11 low, session low) is broken, the pair may fall to $1.2050 (May 13 low)
An alternative scenario - the pair may grow to $1.2145-65 (June 7 and 10 low, MA (200) H1)
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