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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 declining in the range of 1.071-40, after rising yesterday to a 10-day high of 1.0775. On the hourly chart, the pair tests the moving average line MA (200) H1 (1.0715) and on the four-hour chart remains below MA (200) H4 (1.0790). Technically speaking, the support of 1.0665 may keep EUR/USD from further decline. In case of breaking through this level, the pair may fall to 1.0600. The upper limit of 1.0775 represents a strong resistance level, after breaking through which the pair can rise to 1.0850.
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⦁ Resistance levels are: 1.0775, 1.0820, 1.0850
⦁ Support levels are: 1.0665, 1.0600, 1.0520
The main scenario for the pair's promotion assumes a breakout of support at 1.0665 (June 26 low) and may be a decline to 1.0600 (April 16 low)
An alternative scenario implies a breakout of the resistance of 1.0775 (July 1 high) and there may be an increase to 1.0820 (June 13 high)
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