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- EUR/USD rose to a 2-week high.
EUR/USD rose to a 2-week high.
The EUR/USD pair is mostly rising in the 1.0815-90 range today, reaching a new 2-week high. On the hourly chart, the pair remains slightly above the MA (200) H1 (1.0770) moving average line, but on the four-hour chart it is testing the MA (200) H4 (1.0840). Technically speaking, the resistance level of 1.0900 may keep prices from further growth. In case of its breakdown, the pair may rise to 1.0930. The lower boundary of 1.0760 represents a strong support level.
⦁ Resistance levels are: 1.0900, 1.0930, 1.0970
⦁ Support levels are: 1.0790, 1.0760, 1.0730
The main scenario for the pair suggests a decline to 1.0790 (Feb 21 low) and then, maybe, to 1.0760 (Feb 19-20 low)
The alternative scenario implies a break of the resistance at 1.0900 (Jan 25 and Feb 2 high) and may be a rise to 1.0930 (Jan 24 high).
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