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UncategorizedEUR/USD technical analysis for 31st.

EUR/USD technical analysis for 31st.

The EUR/USD is still testing the MA 200 H1 support.
On 31st January the EUR/USD traded in different directions in the range of $1.0800-$1.0875 and closed the day without significant changes. Today 1st February, it was trading in a narrow range of $1.0850-65, staying close to yesterday’s closing price. On the hourly chart, EUR/USD is still testing the strength of the support – the moving average line MA (200) H1 ($1.0870). On the four-hour chart, the EUR/USD is still above the MA 200 H4 line.

Resistances levels are at: $1.0910, $1.0930-35, $1.0990

Support levels are at: $1.0835, $1.0800, $1.0785

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