Technical analysis

08 April 2021

19:21 EUR / USD remains above MA (200) H1


Today, the EUR / USD pair is trading in the range of $1.1860-95 after rising yesterday to a nearly three-week high of $1.1915. On the hourly chart, the pair rose above the moving average line MA (200) H1 ($1.1785), but on the four-hour chart it remains slightly below MA (200) H4 ($1.1920). In this situation, it is probably worth starting to stick to the north direction in trading, and maybe you should look for an exit point to buy.


Resistance levels are: $1.1915, $1.1945, $1.1990

Support levels are:  $1.1785-95, $1.1740, $1.1700

The main scenario for promoting the pair  - correction, growth to $1.1915 (April 7 high) and then may be to $1.1945 (March 22 high)

An alternative scenario - there may be a decline to $1.1785-95 (April 6 low, MA (200) H1)


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