The EUR/USD continued yesterday’s decline
The EUR/USD continued yesterday’s decline
Yesterday the 8th EUR/USD was trading lower and closed the day in the red zone near the price of $1.1005. Today 9th it also fell a little, dropping to $1.0985. On the hourly chart, EUR/USD is testing the strength of the support – the moving average line MA (200) H1 ($1.1020). On the four-hour chart, it is still above the MA 200 H4 line. Based on the foregoing, it is probably worth sticking 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 at the end of the correction.
- Resistances levels are at: $1.1030, $1.1055, $1.1090-95
- Support levels are at: $1.0965, $1.0940-45, $1.0910-15
