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EUR / USD
EUR / USD pair controlled by bears
EUR / USD is trading lower, dropping slightly below Friday's low of $ 1.0965. The pair fell to its lowest level since mid-May 2017 at $ 1.0955. EUR / USD fell below the moving average of MA (200) H1 ($ 1.1077), and on the four-hour chart it is below MA (200) H4 ($ 1.1137), remaining under the control of bears. In this situation, it is worth continuing to adhere to the southern direction in trade and look for entry points for sale.
It is worth noting that the 14-day relative strength index (RSI (14) on D1) tests the level 30, and if it falls below this level, this will signal a possible change in the direction of price movement.
Resistance is at the level of: $ 1.0995, $ 1.1060-77, $ 1.1115
Support levels are located at: $ 1.0920, $ 1.0875, $ 1.0840
The main scenario for the pair to move is the continuation of the downward movement to $ 1.0920 (minimum May 15, 2017).
USD / JPY
USD / JPY remains under control of bears
The pair USD / JPY is trading with a slight increase, recovering from a decline from the start of trading to Y105.90. By the middle of European trading, the pair rose to Y106.40. USD / JPY is trading slightly higher than the moving average MA (200) H1 (Y106.15), but continues to trade below MA (200) H4 (Y106.85), remaining under the control of bears. In this situation, it is worth continuing to adhere to the southern direction in trade and look for entry points for sale.
Resistances are at the levels: Y106.70, Y107.05, Y107.55
Support levels are located at: Y106.15, Y105.60, Y105.05
The main scenario for the pair to move is correction and decline to Y105.60 (August 27-28 minimum).