Technical Analysis
25.01.2024, 12:04

EUR / USD is testing the MA (200) H1.

Today, EUR/USD is trading in the range of 1.0870-1.0900 and on the hourly chart is testing the moving average line of MA (200) H1 (1.0810). On the four-hour chart, the situation is similar. Technically speaking, the resistance level of 1.0930 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: 1.0930, 1.0970, 1.1000


Support levels are: 1.0870, 1.0820, 1.0770


The main scenario of the pair's advance suggests a break of the session low of 1.0870 and there may be a decline to 1.0820 (Jan 23 low).

The alternative scenario implies a break of resistance at 1.0930 (Jan 24 high) and may be a rise to 1.0970 (Jan 15 high).

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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