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- EUR/USD remains below MA (200) H1
EUR/USD remains below MA (200) H1
Today, the EUR/USD pair is trading in the range of 1.0285-1.0320 and is testing the MA (200) H1 moving average line (1.0305) on the hourly chart. On the four-hour chart, the pair remains below MA (200) H4 (1.0430). Based on the above, it is probably worth following the southern direction in trading and as long as the pair remains below the MA 200 H4, it is necessary to look for entry points to sell. Technically speaking, the resistance of 1.0325 is keeping EUR/USD from further growth for now. If this level is passed, the pair may fall to 1.0360. The lower limit of 1.0180 represents a strong support level.
Resistance levels are: 1.0325, 1.0360, 1.0440-60
Support levels are: 1.0240, 1.0180, 0.9935
The main scenario for the pair's advance suggests a decline to 1.0240 (Jan 13 low) and then maybe to 1.0180 (Jan 13 low)
An alternative scenario implies a breakout of the resistance of 1.0325 (Jan 9 high) and there may be an increase to 1.0360 (Jan 8 high)
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