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- EUR/USD is testing MA (200) H1
EUR/USD is testing MA (200) H1
Today, the EUR/USD pair is mainly growing in the range of 1.0810-50 and is testing the MA (200) H1 (1.0840) moving average line on the hourly chart. The pair is trading slightly below the 2-month high of 1.0895 reached last week. On the four-hour chart, EUR/USD remains above MA (200) H4 (1.0750). Technically speaking, the pair has pushed off from the 1.0810 support and the nearest strong resistance is at 1.0895.
⦁ Resistance levels are: 1.0895, 1.0940, 1.0980
⦁ Support levels are: 1.0810, 1.0760, 1.0725
The main scenario for the pair's promotion assumes an increase to 1.0895 (May 16 high) and then, maybe, to 1.0940 (March 21 high)
An alternative scenario implies a breakout of support at 1.0810 (May 15 low) and may be a decline to 1.0760 (May 10 low).
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