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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 1.0805-45, having regained most of the positions lost during yesterday's American trading. On the hourly chart, the pair tests the moving average line MA (200) H1 (1.0845) and on the four-hour chart remains above MA (200) H4 (1.0750). Note that EUR/USD is trading slightly below the 2-month high of 1.0895 reached last week. Technically speaking, the pair has pushed off from the 1.0805 support and the nearest strong resistance is at 1.0895.
⦁ Resistance levels are: 1.0865, 1.0895, 1.0940
⦁ Support levels are: 1.0805, 1.0760, 1.0725
The main scenario of the pair's advance assumes a breakout of the resistance of 1.0865 (May 22 high) and may be an increase to 1.0895 (May 16 high)
An alternative scenario implies a breakout of support at 1.0805 (May 23 low, session minimum) and may be a decline to 1.0760 (May 10 low).
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