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EUR/USD: Trading Scenarios_02/13/2018

02/13/2018
at 8:37 AM

At the time of publication of inflation indicators in the UK (09:30 GMT), volatility in pound trade is expected to increase, including in the EUR / GBP pair, which will affect the dynamics of the EUR / USD pair.

In case of breakdown of the local resistance level 1.2320 (EMA200 on the 1-hour chart), the EUR / USD may continue to grow, receiving support from today's weakening of the dollar and the pound's weakening against the euro in the EUR / GBP.

The scenario for the fall of the EUR / USD implies its falling below the support level 1.2275 (EMA144 on the 4-hour chart) and the repeated test of support levels 1.2220 (EMA200 on the 4-hour chart) and 1.2200 (Fibonacci level 50% of correction to the fall from 1.3900, which began in May 2014).

The breakdown of the support level of 1.2200 will jeopardize the bullish trend of the EUR / USD , which began in January 2017.

EU-D

Support levels: 1.2275, 1.2220, 1.2200, 1.2100, 1.2060, 1.2000, 1.1920, 1.1790, 1.1735, 1.1690

Resistance levels: 1.2330, 1.2370, 1.2400, 1.2430, 1.2500, 1.2535, 1.2600

 EU-H4

Trading recommendations

Sell ​​Stop 1.2270. Stop-Loss 1.2345. Take-Profit 1.2220, 1.2200, 1.2100, 1.2060, 1.2000, 1.1920, 1.1790, 1.1735, 1.1690

Buy Stop 1.2345. Stop-Loss 1.2270. Take-Profit 1.2370, 1.2400, 1.2430, 1.2500, 1.2535, 1.2600

EU-H1