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- EUR/USD is rising and testing the MA (200) H1.
EUR/USD is rising and testing the MA (200) H1.
EUR/USD is mostly rising today from 1.0840 to 1.0910, after declining yesterday to a near 2-month low of 1.0820. On the hourly chart, the pair is testing the strength of the MA (200) H1 moving average line (1.0900). On the four-hour chart, the situation is similar. Technically speaking, the resistance level of 1.0915 may keep prices from further growth. In case of its breakdown, the pair may rise to 1.0970. The lower boundary of 1.0820 represents a strong support level.
⦁ Resistance levels are: 1.0915, 1.0970, 1.1000
⦁ Support levels are: 1.0820, 1.0770, 1.0725
The main scenario for the pair suggests a break of support at 1.0820 (Jan 23 low) and may be a decline to 1.0770 (Dec 13 low).
The alternative scenario implies a break of resistance at 1.0915 (Jan 23 high) and may be a rise to 1.0970 (Jan 15 high).
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