Hello traders, EUR/USD Н4
The quotes are currently trading at the support level of 1.1900, and it is quite possible that they may continue in a southern direction. The thing is, the moving average is currently above the quotes, acting as a resistance. This means that they may break below the support, and if they manage to stay below it, the southern direction will continue. As for the northern direction, of course, first it is necessary to move above the moving average and then break through the resistance at 1.1975. And then, logically, if the level is held above and the northern direction continues. Good luck with your trades.
