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- The EUR/USD is again trading below the MA 200 H1
The EUR/USD is again trading below the MA 200 H1
Yesterday the EUR/USD traded lower and closed the day in the red zone near the price of $0.9960. Today it, on the contrary, has grown a little, having risen to the level of $0.9990. On the hourly chart, EUR/USD broke again and fixed below the MA (200) H1 moving average line ($1.2155). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the EUR/USD remains below MA 200 H4, it may be necessary to look for entry points to sell for the formation of a correction.
Resistances levels are at: $1.0040, $1.0185-95, $1.0220
Support levels are at: $0.9930-45, $0.9865-75, $0.9800
Probably, the main scenario is the continued decline to $0.9945 (low of the American session on Sep 8).
Alternative scenario is consolidation above MA 200 H1, followed by a rise to $1.0195 (Sep 12 high).
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