EUR/USD continued yesterday’s rise.
The EUR/USD continued yesterday’s rise.
Yesterday 13th February ,the EUR/USD traded higher and closed the day in the positive territory near the price of $1.0720. Today 14th it has also slightly increased, having risen to the level of $1.0735. On the hourly chart, EUR/USD is still trading below the moving average MA (200) H1 ($1.0780). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the EUR/USD remains below MA 200 H1, it may be necessary to look for entry points for selling at the end of the correction.
Resistances levels are at: $1.0750, $1.0790, $1.0875
Support levels are at: $1.0655-65, $1.0600, $1.0525