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- EUR/USD tests MA (200) H1
EUR/USD tests MA (200) H1
Today the EUR/USD pair is trading in the range of 1.0775-1.0800 and on the hourly chart is testing the MA (200) H1 moving average line (1.0800). On the four-hour chart, the situation is similar. Technically speaking, the resistance level of 1.0850 may keep prices from further growth. If it is broken, the pair may rise to 1.0915. The lower boundary of 1.0725 represents a strong support level.
⦁ Resistance levels are: 1.0830-50, 1.0915, 1 1015
⦁ Support levels are: 1.0725, 1.0655, 1.0520
The main scenario for the pair suggests a break of support at 1.0725 (Dec 8 low) and a possible decline to 1.0665 (Nov 10 low)
The alternative scenario implies a break of the resistance at 1.0830-50 (Dec 5 and 12 highs) and maybe a rise to 1.0915 (Dec 1 high)
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