12:02 EUR/USD is testing MA 200 H1 support
Yesterday the EUR/USD was trading lower and closed the day in the red around the $1.1610. Today it was trading in a narrow range of $1.1595-10, staying close to yesterday's closing price. On the hourly chart, EUR/USD is testing the strength of the support - the MA line (200) H1 ($1.1620). On the four-hour chart, it remains below the MA 200 H4 line for now. Based on the above, it is probably worth sticking to the northern direction in trading and while the EUR/USD remains above MA 200 H1, it may be necessary to look for buy entry points at the end of the correction.
Resistances levels are at: $1.1625, $1.1665-70, $1.1700
Support levels are at: $1.1590, $1.1570, $1.1540
Probably, the main scenario is continued growth to $1.1625 (high of the American session on Oct 25). An alternative scenario is final consolidation below MA 200 H1, followed by a decline to $1.1540 (Oct 13 low).
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