On Friday, the EUR/USD traded in different directions in the range of 1.0560-1.0615 and closed the day without significant changes. Today the pair fell slightly, dropping to 1.0560. On the hourly chart, EUR/USD is still trading below the moving average line MA (200) H1 (1.0605). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the southern direction in trading and while the pair remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.
Probably, the main scenario is a continued decline to 1.0520 (the low of the American session on Sep 28).
The alternative scenario involves consolidation above MA 200 H1, followed by growth to 1.0745 (Sep 14 high).
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