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- EUR / USD traded about 2-month maximum
EUR / USD traded about 2-month maximum
Today, the EUR/USD pair traded in the range of $1.1000-30, reaching a 2-month high. Yesterday, the dust broke through the resistance of $1,0975, which became the nearest support. On the hour chart, the pair rose above the line of moving average MA (200) H1 ($1.0910). On the four-hour chart, EUR/USD remains above MA (200) H4 ($1.0840). In this situation, a scenario of further growth of the EUR/USD is likely. Finding a position to buy can be a wise decision for those who want to benefit from a stronger euro.
⦁ Resistance levels are: $1.1030, $1.1055, $1.1090
⦁ Support levels are: $1.0975, $1.0945, $1.0865
The main scenario for the pair’s promotion involves a break-through of the sessional maximum of $1.1030 and may be an increase to $1.1055 (May 8 high).
The alternative scenario implies a $1.0975 support breakthrough and may be a decline to $1.0945 (July 10 low).
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