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- EUR/USD rose to a weekly high
EUR/USD rose to a weekly high
Today, since the start of trading, the EUR/USD pair has been trading near the closing level of yesterday's session, but during the European session it rose sharply from $1.0975 to $1.1055, reaching a weekly high. On the hourly chart, the pair rose slightly above the MA (200) H1 moving average line ($1.1020). On the four-hour chart, the pair remains below MA (200) H4 ($1.1125). Technically speaking, the resistance of $1.1070 may keep prices from rising further. The lower bound of $1.0945 represents the support level.
⦁ Resistance levels are: $1.1070, $1.1140, $1.1245
⦁ Support levels are: $1.0945, $1.0890-1.9000, $1.0805
The main scenario for promoting the pair — correction and may be a decline to $1.0945 (March 28 low)
An alternative scenario — the resistance breakout is $1.1070 (March 21 high) and there may be an increase to $1.1140 (March 17 high)
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