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UncategorizedEUR/USD fell slightly after yesterday’s rise.

EUR/USD fell slightly after yesterday’s rise.

Yesterday 13th ,the EUR/USD traded higher and closed the day in the positive territory around $1.0725. Today 14th it, on the contrary, fell a little, dropping to the level of $1.0700. On the hourly chart, EUR/USD is still testing resistance – the moving average line MA (200) H1 ($1.0620). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the south direction in trading, and while the EUR/USD remains below MA 200 H4, it may be necessary to look for entry points to sell at the end of the correction.

Resistance levels are at: $1.0745, $1.0805, $1.0875

Support levels are at: $1.0635-50, $1.0575, $1.0555

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