The EUR/USD is still testing the MA 200 H1 resistance.
The EUR/USD is still testing the MA 200 H1 resistance.
Yesterday 20th the EUR/USD traded higher and closed the day in the positive territory near the price of $1.0720. Today 21th, it was trading in a narrow range of $1.0710-25, staying close to yesterday’s closing price. On the hourly chart, EUR/USD is still testing resistance – the moving average line MA (200) H1 ($1.0645). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the south direction in trading, and while the EUR/USD remains below MA 200 H4, it may be necessary to look for entry points to sell at the end of the correction.
Resistance levels are at: $1.0745-60, $1.0805, $1.0875
Support levels are at: $1.0635, $1.0615, $1.0590