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- EUR / USD is trading resistance MA (200) H1
EUR / USD is trading resistance MA (200) H1
Today, the EUR/USD pair is mainly growing from $0.9980 to $1.0055 after falling last week to a 20-year low of $0.9900. On the hourly chart, EUR/USD is testing the moving average line MA (200) H1 ($1.0000) and on the four-hour chart remains below MA (200) H4 ($1.0145). Technically speaking, the resistance of $1.0090-95 can keep prices from further growth. The lower bound of $0.9900 represents the support level.
⦁ Resistance levels are: $1.0090-95, $1.0200, $1.0270
⦁ Support levels are: $0.9980, $0.9900, $0.9800
The main scenario assumes a breakout of the session minimum of $0.9980 followed by a likely decline to $0.9900 (August 23 low)
An alternative scenario is a breakout of the resistance of $1.0090-95 (August 19 and 26 highs) and there may be an increase to $1.0200 (August 17 high)
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