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- EUR/USD is testing MA(200) H1
EUR/USD is testing MA(200) H1
Today, the EUR/USD pair is trading in the range of $1.1315-60 and on the hourly chart, the pair is testing the MA (200) H1 moving average line ($1.1350). The situation is similar on the four-hour chart. Technically speaking, a strong resistance level of $1.1365 can keep prices from rising further. If it breaks through, the pair may rise to $1.1395. The lower bound of $1.1280-90 represents the support level.
⦁ Resistance levels are: $1.1365, $1.1395, $1.1450
⦁ Support levels are: $1.1315, $1.1280-90, $1.1265
The main scenario for promoting the pair — correction, breakout of the session low of $1.1315 and there may be a decline to $1.1280-90 (February 14 and 22 lows)
An alternative scenario — if the resistance of $1.1365 (February 22 high) is broken, then the pair may rise to $1.1395 (February 16 high)
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