Today, the EUR/USD pair is trading in the range of $1.1635-85 - about a two-month low. The pair settled below the moving average line MA (200) H1 ($1.1775) and on the four - hour chart-below MA (200) H1 ($1.1825). Yesterday's low of $1.1625 may deter further declines. If it breaks through, the price may fall to $1.1580. The session high of $1.1685 represents the resistance level. If it is passed, then the pair may be followed by a correction to $1.1720. The most likely range of price movement today may be hidden within the range of $1.1580-1.1685.
⦁ Resistance levels are at: $1.1685, $1.1720, $1.1775
⦁ Support levels are at: $1.1625, $1.1580, $1.1505
The main scenario for promoting the pair - a break of yesterday's low of $1.1625 and then a possible decline of the pair to $1.1580 (July 24 low)
An alternative scenario - break the session high of $1.1685 (August 24 high) and then the pair may grow to $1.1720 (September 23 high)
Yesterday the EUR/USD traded in different directions in the range of $1.1625-$1.1685 and closed the day without significant changes. Today it was trading in a narrow range of $1.1660-75, staying close to a 9-week low. On the hourly chart, EUR/USD is still trading below the MA line (200) H1 ($1.1775). 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 on the formation of a correction.
Resistances levels are at: $1.1715, $1.1765, $1.1795
Support levels are at: $1.1630, $1.1580, $1.1540
Probably, the main scenario - is the continuation of the decline to $1.1630 (Sep 24 low). An alternative scenario - may be consolidation above MA 200 H1, followed by a rise to $1.1870 (Sep 21 high).
|remaining time till the new event being published|
Sve informacije koje se nalaze na našem sajtu, isključivo su informativnog karaktera i ne predstavljaju savete za konkretna investiciona ulaganja. Molimo Vas da se upoznate našim upozorenjem o rizicima.