EUR/USD is still testing the MA 200 H1 resistance.
The EUR/USD is still testing the MA 200 H1 resistance.
Yesterday 1st March the EUR/USD traded higher and closed the day in the positive territory near the price of $1.0660. Today 2nd March it, on the contrary, fell a little, dropping to the level of $1.0645. On the hourly chart, EUR/USD is still testing resistance – the moving average line MA (200) H1 ($1.0625). On the four-hour chart, the EUR/USD is still below the MA 200 H4 line. 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.
Resistance levels are at: $1.0690-05, $1.0720, $1.0745
Support levels are at: $1.0625, $1.0565, $1.0535