Technical Analysis
25.06.2024, 11:02

EUR/USD is testing MA (200) H1

Today, the EUR/USD pair is trading in the range of 1.0720-45 and is testing the MA (200) H1 moving average line (1.0725) on the hourly chart. On the four-hour chart, the pair remains below MA (200) H4 (1.0805). Technically speaking, the resistance of 1.0760 may keep EUR/USD from further growth. If this level is broken, the pair may rise to 1.0850. The lower bound of 1.0670 represents a strong support level, if it breaks through, the pair may fall to 1.0640.


Resistance levels are: 1.0760, 1.0820, 1.0850


Support levels are: 1.0670, 1.0640-50, 1.0600


The main scenario for the pair's promotion assumes a decline to 1.0670 (June 14 and 21 low) and then, maybe, to 1.0640-50 (April 23 and May 1 lows)

An alternative scenario implies a breakout of the resistance of 1.0760 (June 18 high) and there may be an increase to 1.0820 (June 13 high) and then to 1.0850 (June 12 high)

Quotes
Symbol Bid Ask Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

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