EUR/USD continued yesterday’s decline.

The EUR/USD continued yesterday’s decline.
Yesterday 7th the EUR/USD traded lower and closed the day in the red zone near the price of $1.0550. It also fell today 8th March 2023, dropping to $1.0525. On the hourly chart, EUR/USD is again trading below the moving average MA (200) H1 ($1.0610). 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 to sell .

Resistance levels are at: $1.0595, $1.0670, $1.0695

Support levels are at: $1.0525, $1.0500, $1.0480