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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 $1.0865-1.0900 and is testing the MA (200) H1 moving average line ($1.0900) on the hourly chart. On the four-hour chart, EUR/USD remains above MA (200) H4 ($1.0825). Technically speaking, the resistance of $1.0900-10 may keep prices from further growth. The lower bound of $1.0835 represents a strong support level.
⦁ Resistance levels are: $1.0900-10, $1.0940, $1.0975
⦁ Support levels are: $1.0835, $1.0805, $1.0775
The main scenario of the pair's promotion assumes a breakout of the resistance of $1.0900-10 (July 5-6 highs, MA (200) H1) and there may be an increase to $1.0940 (June 29 high)
An alternative scenario implies a breakout of the support of $1.0835 (June 30 and July 6 low) and there may be a decline to $1.0805 (June 15 low)
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