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- EUR /USD retreated slightly from the monthly low
EUR /USD retreated slightly from the monthly low
Today, the EUR/USD pair is mainly growing from 1.0350 to 1.0420, retreating from the monthly low of 1.0345. On the hourly chart, the pair fell below the moving average line of MA (200) H1 (1.0500) and on the four-hour chart, the pair fell below MA (200) H4 (1.0570). Technically speaking, the support of 1.0335-45 has so far kept EUR/USD from further decline. If this level is passed, the pair may fall to 1.0225. The upper limit of 1.0520 represents a strong resistance level.
⦁ Resistance levels are: 1.0420, 1.0500-20, 1.0540
⦁ Support levels are: 1.0335-45, 1.0225, 0.9935
The main scenario for the pair's promotion assumes a breakout of support 1.0335-45 (Nov 22 and Dec 18 lows) and may be a decrease to 1.0225 (Nov 24’ 2022 low)
An alternative scenario implies a breakout of the session maximum of 1.0420 and there may be an increase of 1.0500-20 (Dec 18 high, MA (200) H1)
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