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- EUR/USD is trading near the highs of February 2022
EUR/USD is trading near the highs of February 2022
Today, the EUR/USD pair is trading in the range of $1.1205-45 near the highs of late February 2022. On the hourly chart, the pair moved above the MA (200) H1 moving average line ($1.0990). On the four-hour chart, EUR/USD remains above the MA (200) H4 ($1.0870). In this situation, the scenario of further growth of EUR/USD is likely. Finding a buy position may be a wise decision for those who want to take advantage of a stronger euro.
⦁ Resistance levels are: $1.1245, $1.1275, $1.1360
⦁ Support levels are: $1.1130, $1.1010, $1.0940
The main scenario for the pair suggests a break of resistance at $1.1245 (February 28’ 2022 high, session high) and there could be a rise to $1.1245 (February 27’ 2022 high).
The alternative scenario implies a break of support at $1.1130 (July 13 low) and there could be a decline to $1.1010 (low of the July 12 on US session).
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