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EUR / USD
EUR / USD pair controlled by bears
The pair EUR / USD is trading lower, after a sharp increase on Friday and from the start of trading to a weekly high of $ 1.1160. By the middle of European trading, the pair fell to $ 1.1110. EUR / USD is trading slightly above the moving average MA (200) H1 ($ 1.1105), but on the four-hour chart it is below MA (200) H4 ($ 1.1165), 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 level of: $ 1.1160, $ 1.1190, $ 1.1230
Support levels are located at: $ 1.1105-15, $ 1.1050, $ 1.0950
The main scenario for the pair to move is a continuation of the downward movement, a break of $ 1.1105-15 (highs of August 16-22, MA (200) H1) and a decrease to $ 1.1050 (minimum of August 23).
USD / JPY
USD / JPY controlled by bears
The pair USD / JPY on Friday after a slight increase to a maximum of August 15 (Y106.75), soon plummeted to Y105.25 and closed the day near Y105.35. Today, the pair in early trading fell sharply to the minimum of this year (Y104.45), however, at the time of writing, it has grown rapidly, restoring all lost positions and is being traded around Y105.45. USD / JPY fell below the MA (200) H1 moving average line, and is still trading below the MA (200) H4 line, under the control of bears. In this situation, it is worthwhile to continue to adhere to the southern direction in trade, and look for entry points for sale on the formation of correction.
Resistances are at the levels: Y106.30, Y106.75, Y107.10
Support levels are located at: Y105.05, Y104.45, Y103.80
The main scenario for the pair to move is a break and consolidation below the support of Y105.05 (minimum of August 12-13) and then a decrease to Y104.45 (session minimum)