Yesterday the EUR / USD pair was trading higher and closed the day in positive territory around $ 1.1785. The pair has also increased slightly today, rising to $ 1.1815. On the hourly chart, EUR / USD is testing resistance - the MA (200) H1 ($ 1.1790) moving average line. On the four-hour chart, the pair remains above the MA 200 H4 line. Based on the foregoing, it is probably worth adhering to the south direction in trading and while the pair remains below MA 200 H1, it is necessary to look for a sell entry point to form a correction.
Resistances are at: $ 1.1845-50, $ 1.1900-15, $ 1.2000
Support levels are located at: $ 1.1755, $ 1.1695-10, $ 1.1640
The main scenario for the pair's advance is the continuation of the decline to $ 1.1695 (August 3 minimum). An alternative scenario implies consolidation above MA 200 H1, followed by a rise to $ 1.1900 (August 5 high).
#eurusd #LEVEL ANALYSIS EURUSD 13 08 2020
