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- EUR/USD stays above the MA (200) H1
EUR/USD stays above the MA (200) H1
Today the EUR/USD pair is mostly rising from 1.0935 to 1.0985 and on the hourly chart the pair remains above the MA (200) H1 moving average line (1.0890). On the four-hour chart, the situation is similar. Technically speaking, the resistance level of 1.0985 may keep prices from further growth. In case of its breakdown, the pair may rise to 1.1015. The lower boundary of 1.890 represents a strong support level.
⦁ Resistance levels are: 1.0985, 1.1010-15, 1 1065
⦁ Support levels are: 1.0930, 1.0890, 1.0770
The main scenario for the pair suggests a break of the resistance at 1.0985 (Dec 19 high) and maybe a rise to 1.1010-15 (Nov 28-29 and Dec 14 highs)
Alternative scenario implies a break of support 1.0930 (Dec 20 low) may be a decline to 1.0890 (Dec 15 low, MA (200) H1).
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