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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 $1.0870-1.0920 and the hourly pair chart is testing the MA (200) H1 moving average line ($1.0920). On the four-hour chart, EUR/USD remains above MA (200) H4 ($1.0815). Technically speaking, the support of $1.0835 can keep prices from further decline. The upper limit of $1.0975 represents a strong resistance level.
⦁ Resistance levels are: $1.0930-40, $1.0975, $1.1015
⦁ Support levels are: $1.0870, $1.0835, $1.0805
The main scenario of the pair's promotion assumes a breakout of the resistance of $1.0930-40 (June 29-30 highs) and there may be an increase to $1.0975 (June 27 high)
An alternative scenario implies a breakout of the session low of $1.0870 and may be a decline to $1.0835 (June 30 low)
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