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- EUR/USD has fallen to a 2-month low
EUR/USD has fallen to a 2-month low
The EUR/USD pair is mostly down today from 1.0800 to 1.0735, hitting a 2-month low. On the hourly chart, the pair dipped below the MA (200) H1 moving average line (1.0830) and on the four-hour chart, it consolidated below the MA (200) H4 (1.0940). In this situation, the scenario of further decline in the EUR/USD pair is likely. Finding a sell position may be a wise decision for those who want to benefit from a stronger dollar.
⦁ Resistance levels are: 1.0810, 1.0880, 1.0945
⦁ Support levels are: 1.0730, 1.0670, 1.0635
The main scenario for the pair suggests a break of support at 1.0730 (July 12 low) and maybe a decline to 1.0670 (June 6-7 low)
The alternative scenario implies a rise to 1.0810 (Sep 4 high) and then, maybe, to 1.0880 (Sep 1 high).
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