The EUR/USD is trading near a 7-week low

Yesterday the 17TH EUR/USD was trading lower and closed the day in the red zone near the price of $1.0835. Today 18TH it was trading in a narrow range of $1.0835-50, staying close to a 7-week low. On the hourly chart, EUR/USD is still trading below the moving average MA (200) H1 ($1.0925). 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 for the formation of a correction.

• Resistances levels are at: $1.0875, $1.0905, $1.0935-45
• Support levels are at: $1.0810, $1.0790, $1.0745

Probably, the main scenario is continued decline towards $1.0810