EUR/USD continued yesterday’s growth.
EUR/USD continued yesterday’s growth.
Yesterday 6th March 2023, the EUR/USD traded higher and closed the day in the positive territory near the price of $1.0580. Today 7th, it also rose slightly, rising to $1.0690. On the hourly chart, EUR/USD broke through and fixed above the moving average line MA (200) H1 ($1.0610). At the same time, on the four-hour chart, the EUR/USD is still below the MA 200 H4 line. Based on the foregoing, it is probably worthwhile to carefully stick to the north direction in trading, and as long as the EUR/USD 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: $1.0695-05, $1.0720, $1.0745
Support levels are at: $1.0625, $1.0590, $1.0565
