Yesterday the EUR / USD pair traded in different directions in the range of $ 1.1820- $ 1.1915 and closed the day without significant changes. Today the pair fell rapidly, dropping to $ 1.1820. On the hourly chart, EUR / USD is still trading above the MA line (200) H1 ($ 1.1795). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the northern direction in trading, and while the pair remains above MA 200 H1, it is necessary to look for buy entry points to form a correction.
Resistances are at: $ 1.1905-15, $ 1.2000, $ 1.2100
Support levels are located at: $ 1.1800, $ 1.1720, $ 1.1685-95
The main scenario for the pair's advance is continued growth to $ 1.1905 (August 5 high). An alternative scenario implies consolidation below MA 200 H1, followed by a decline to $ 1.1720 (Aug 4 minimum).
