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- EUR/USD rallied to a 3-month high
EUR/USD rallied to a 3-month high
Today, EUR/USD is trading in the range of 1.0895-1.0940, having reached a 3-month high. On the hourly chart, the pair rose above the H1 MA (200) H1 moving average line (1.0775) and on the four-hour chart above the H4 MA (200) H4 (1.0640). Technically speaking, the resistance level at 1.0960 may keep prices from rising further. In case it is broken, the pair may rise to 1.1005. The lower boundary of 1.0825 represents a strong support level.
⦁ Resistance levels are: 1.0960, 1.1005, 1 1065
⦁ Support levels are: 1.0825, 1.0775, 1.0690
The main scenario for the pair suggests a break of resistance at 1.0960 (Aug 14 high) and a possible rise to 1.1005 (Aug 11 high)
The alternative scenario implies a break of support at 1.0825 (Nov 17 low) and MA (200) H1 (1.0775) and a decline to 1.0690 (Nov 14 low).
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