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- EUR/USD is testing MA (200) H1
EUR/USD is testing MA (200) H1
Today, the EUR/USD pair is trading in the range of 1.1025-50 and is testing the MA (200) H1 moving average line (1.1070) on the hourly chart. On the four-hour chart, it remains slightly above MA (200) H4 (1.1000). Technically speaking, the support of 1.1025 keeps EUR/USD from further decline so far. If this level is passed, the pair may fall to 1.0950. The upper limit of 1.1155 represents a strong resistance level.
⦁ Resistance levels are: 1.1090, 1.1155, 1.1200
⦁ Support levels are: 1.1025, 1.0950, 1.0880
The main scenario for the pair's promotion assumes a breakout of the resistance of 1.1095 (Sept 9 high) and there may be an increase to 1.1155 (Sept 6 high).
An alternative scenario implies a breakout of support at 1.1025 (Sept 3 low, session low) followed by a likely decline to 1.0950 (Aug 15 low)
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