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- EUR/USD remains slightly above MA (200) H1.
EUR/USD remains slightly above MA (200) H1.
The EUR/USD pair is trading in the range of 1.0865-85 - slightly below the new 2-month high of 1.0915 reached yesterday. On the hourly chart, EUR/USD remains slightly above the moving average line MA (200) H1 (1.0850) and on the four-hour chart above MA (200) H4 (1.0785). Technically speaking, the support of 1.0830 can keep EUR/USD from further decline. In case of breaking through this level, the pair may fall to 1.0790. The upper limit of 1.0915 represents a strong resistance level.
⦁ Resistance levels are: 1.0915, 1.0940, 1.0980
⦁ Support levels are: 1.0830, 1.0790, 1.0760
The main scenario for the pair's promotion assumes an increase to the session maximum of 1.0885 and then, perhaps, to 1.0915 (June 4 high)
An alternative scenario implies a breakout of the 1.0850-60 support (June 4 low, MA (200) H1) and there may be a decrease to 1.0830 (June 3 low).
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