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- EUR/USD is trading near a 2-week low
EUR/USD is trading near a 2-week low
Today, the EUR/USD pair is trading in the range of $1.0835075 - about a 2-week low. On the hourly chart, the pair dropped slightly below the moving average line of MA (200) H1 ($1.09300), but on the four-hour chart, EUR/USD remains above MA (200) H4 ($1.0815). Technically speaking, the support of $1.0805 may keep prices from further decline. The upper limit of $1.0920-40 represents a strong resistance level.
⦁ Resistance levels are: $1.0875, $1.0920-40, $1.0975
⦁ Support levels are: $1.0835, $1.0805, $1.0775
The main scenario of the pair's promotion assumes a breakout of the session maximum of $1.0875 and there may be an increase to $1.0920-40 (June 29 high, MA (200) H1)
An alternative scenario implies a breakout of the session low of $1.0835 and may be a decline to $1.0805 (June 15 low)
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