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- The EUR/USD slightly rose
The EUR/USD slightly rose
Yesterday, the EUR/USD traded in different directions in the range of 1.0805-1.0875 and closed the day without significant changes. Today it rose slightly, rising to 1.0860. On the hourly chart, EUR/USD is still trading above the moving average line MA (200) H1 (1.0625). On the four-hour chart, the situation is similar. Based on the above, it is probably worth sticking to the northern direction in trading and while the pair remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.
- Resistance levels are at: 1.0890, 1.0935, 1.0955
- Support levels are at: 1.0805, 1.0765-75, 1.0740
Probably, the main scenario is continued growth to 1.0890 (Mar 7 high).
An alternative scenario implies consolidation below MA 200 H1, followed by a fall to 1.0360 (Feb 28 low).
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