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- EUR/USD is trading slightly above MA (200) H1
EUR/USD is trading slightly above MA (200) H1
Today, the EUR/USD pair is trading in the range of 1.0680-1.0715 and on the hourly chart rose slightly above the MA (200) H1 moving average line (1.0655). On the four-hour chart, the pair remains below MA (200) H4 (1.0785). Technically speaking, the resistance level of 1.0715 is still protecting prices from further growth. If it breaks through, the pair may rise to 1.0760. The lower bound of 1.0600 represents a strong support level
⦁ Resistance levels are: 1.0715, 1.0760, 1.0885
⦁ Support levels are: 1.0640, 1.0600, 1.0520
The main scenario for the pair's promotion assumes a breakout of support at 1.0640 (April 23 low) and may be a decline to 1.0600 (April 16 low).
An alternative scenario implies a breakout of yesterday's high of 1.0715 and there may be an increase to 1.0760 (April 11 highs).
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