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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 $1.0935-65 on the hourly chart, testing the MA (200) H1 moving average line ($1.0935). The pair is trading slightly below the 6-week high of $1.1015 reached last week. On the four-hour chart, EUR/USD remains above MA (200) H4 ($1.0810). Technically speaking, the resistance of $1.1015 may keep prices from rising further. The lower bound of $1.0845 represents a strong support level.
⦁ Resistance levels are: $1.0975, $1.1015, $1.1055
⦁ Support levels are: $1.0885, $1.0845, $1.0805
The main scenario of the pair's promotion assumes a breakout of the resistance of $1.0975 (June 27 high) and there may be an increase to $1.1015 (June 22 high)
The alternative scenario implies a breakout of the support of $1.0885 (June 26 low) and may be a decline to $1.0845 (June 23 low)
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