Today, the EUR/USD pair is trading in the range of $1.1190-1.1230 - near the lows of the beginning of July 2020. On the hourly chart, EUR/USD was fixed below the moving average line of MA (200) H1 ($1.1300) and on the four-hour chart - below MA (200) H4 ($1.1515). Based on this, it is probably worth sticking to the southern direction in trade, and perhaps you should look for exit points for sale. However, it is worth noting that the 14-day relative strength index (RSI (14) on D1) is below the level of 30, which signals a possible change in the direction of price movement
⦁ Resistance levels are: $1.1275-1.1300, $1.1330, $1.1385
⦁ Support levels are: $1.1170-85, $1.1110, $1.1070
The main scenario for promoting the pair — breakout of the area $1.1170-85 (June 19-20, July 1’ 2020 and November 24 lows) and may be a decline to $1.1110 (June 2’ 2020 low)
An alternative scenario — the pair may grow to $1.1275-1.1300 (November 22- 23 highs, MA (200) H1)
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