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- EUR/USD rose to a 5-month high.
EUR/USD rose to a 5-month high.
Today, the EUR/USD pair is mostly rising in the range of 1.1096-1.1150, reaching a 5-month high. On the hourly chart, the pair rallied above the moving average line MA (200) H1 (1.0990). On the four-hour chart, the situation is similar. Technically speaking, the resistance level of 1.1150 may keep prices from further growth. In case of its breakdown, the pair may rise to 1.1230. The lower boundary of 1.0930 represents a strong support level.
⦁ Resistance levels are: 1.1150, 1.1230, 1 1275
⦁ Support levels are: 1.1030, 1.0980-90, 1.0930
The main scenario for the pair suggests a break of resistance at 1.1150 (July 27 high) and a possible rise to 1.1230 (July 18 high)
The alternative scenario implies a break of support at 1.1030 (Dec 27 low) and a possible decline to 1.0980-90 (Dec 22 low, MA (200) H1).
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