The EUR/USD remains above MA 200 H1. Likely to build a Bearish momentum.

The EUR/USD remains above MA 200 H1. Likely to build a Bearish momentum.

Yesterday 28th the EUR/USD traded higher and closed the day in the positive territory around $1.0845. Today 29th. it was trading in a narrow range of $1.0835-50, staying close to yesterday’s closing price. On the hourly chart, EUR/USD is still trading above the moving average line MA (200) H1 ($1.0760). The situation is similar on the four-hour chart. 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, . Market likely to build a Bearish momentum. Take a sell.

Resistance levels are at: $1.0850, $1.0905, $1.0930-40

Support levels are at: $1.0795, $1.0745, $1.0705-15