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- EUR/USD is trading near a 3-week high
EUR/USD is trading near a 3-week high
Today, the EUR/USD pair rose from $1.0060 to $1.0200, reaching a 3-week high. During the European session, the pair dropped slightly to $1.0030. On the hourly chart, EUR/USD rose above the MA (200) H1 moving average line ($0.9985). On the four-hour chart, the pair is testing MA (200) H4 ($1.0100). Technically speaking, the resistance of $1.0200 can keep prices from rising further. The lower bound of $0.9930 represents the support level.
⦁ Resistance levels are: $1.0200, $1.0270, $1.0325
⦁ Support levels are: $1.0035, $0.9985, $0.9930
The main scenario of the pair's promotion assumes the breakout of the session maximum of $1.0200 (August 17 high), followed by a likely increase to $1.0270 (August 15 high)
An alternative scenario is a breakout of the support of $1.0035 (September 2 high, low of the US session on September 9) and there may be a decline to $0.9930 (September 8 low)
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