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- EUR/USD rose to a 10-day high
EUR/USD rose to a 10-day high
Today, the EUR/USD pair is trading in the range of 1.0725-75, having reached a 10-day high today. On the hourly chart, the pair rose slightly above the moving average line MA (200) H1 (1.0715), but on the four-hour chart it remains below MA (200) H4 (1.0795). Technically speaking, the resistance of 1.0775 kept EUR/USD from further growth. If this level is broken, the pair may rise to 1.820. The lower limit of 1.0665 represents a strong support level.
⦁ Resistance levels are: 1.0775, 1.0820, 1.0850
⦁ Support levels are: 1.0715, 1.0665, 1.0640-50
The main scenario for the pair's promotion assumes a breakout of MA (200) H1 (1.0710) and may be a decrease to 1.0665 (June 26 low)
An alternative scenario implies a breakout of the session high of 1.0775 and may be an increase to 1.0820 (June 13 high)
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