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- EUR / USD rose slightly above the MA (200) H1.
EUR / USD rose slightly above the MA (200) H1.
Today, the EUR/USD pair is mostly rising in the range of 1.0690-1.0730 and on the hourly chart it has risen slightly above the MA (200) H1 moving average line (1.0685). On the four-hour chart, the pair is trading above the MA (200) H4 (1.0595). Technically speaking, resistance levels at 1.0760-70 may keep prices from rising further. In case they are broken, the pair may rise to 1.0810. The lower boundary of 1.0655 represents a strong support level.
⦁ Resistance levels are: 1.0760-70, 1.0810, 1 0885
⦁ Support levels are: 1.0685, 1.0655, 1.0615
The main scenario for the pair suggests a break of the resistance at 1.0755-70 (Sept 12 and Nov 6 highs) and a possible rise to 1.0810 (Sept 4 high)
The alternative scenario implies a break of the support MA (200) Н1 (1.0685) and a decline to 1.0655 (Nov 10 low).
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