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- EUR / USD remains above MA (200) H1
EUR / USD remains above MA (200) H1
Today, the EUR / USD pair is trading in the range of $1.1860-85, retreating from the high of July 30 ($1.1910) reached on Friday. On the hourly chart, the pair is trading above the MA (200) H1 moving average line ($1.1825). The situation is similar on the four-hour chart. Technically speaking, a strong resistance level of $1.1910 can keep the pair from further growth. If it breaks through, prices may soar to $1.1940. The lower limit of $1.1825-35 represents the support level. The most likely range of oil prices movement for today may be hidden within the existing range of $1.1825-1.1910
⦁ Resistance levels are: $1.1910, $1.1940, $1.1975
⦁ Support levels are: $1.1825-35, $1.1780, $1.1725
The main scenario for promoting the pair — correction and growth to $1.1910 (July 30 and September 3 high)
An alternative scenario — the pair may decline to $1.1825-35 (September 2 low, MA (200) H1)
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