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- EUR/USD stays above the MA (200) H1
EUR/USD stays above the MA (200) H1
Today EUR/USD is trading in the range of 1.0890-1.0930 after rising last week to a 2-week high of 1.1010. On the hourly chart, the pair remains above the MA (200) H1 moving average line (1.0830). On the four-hour chart, the situation is similar. Technically speaking, the support level of 1.0880 may keep prices from further decline. In case of its breakdown, the pair may fall to 1.0830. The upper boundary of 1.1015 represents a strong resistance level.
⦁ Resistance levels are: 1.0965, 1.1010-15, 1 1065
⦁ Support levels are: 1.0865-80, 1.0830, 1.0770
The main scenario for the pair suggests a break of the resistance at 1.0965 (Dec 21 high) and may be a rise to 1.1010-15 (Nov 28-29 and Dec 14 highs)
Alternative scenario implies a break of 1.0865-80 support (Dec 14 lows) and H1 MA (200) (1.0830) and may be down to 1.0770 (Dec 13 low).
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