The EUR/USD traded slightly higher yesterday and closed the day in the positive territory around $1.0885. Today it also rose a little, having risen to the level of $1.0900. On the hourly chart, EUR/USD is still trading above the MA line (200) H1 ($1.0835). 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 as long as 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: $1.0925-35, $1.0990, $1.1055
Support levels are at: $1.0835, $1.0800, $1.0785
Probably, the main scenario is continued growth towards $1.0925 (Jan 23 high).
The alternative scenario is consolidation below MA 200 H1, followed by fall to $1.0730 (Jan 12 low).
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