Yesterday the EUR/USD traded higher and closed the day in positive territory near the price of $1.1450. Today it has also slightly increased, having risen to the level of $1.1475. On the hourly chart, EUR/USD is still trading above the moving average line MA (200) H1 ($1.1345). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and while the EUR/USD remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.
Resistances levels are at: $1.1480, $1.1535, $1.1575
Support levels are at: $1.1435, $1.1395, $1.1355
Probably, the main scenario is continued growth towards $1.1480 (Jan 13 high). The alternative scenario is consolidation below the MA 200 H1, followed by a decline to $1.1275 (Jan 4 low).
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