Price has been in an uptrend indicated by the higher lows and higher highs on the 4hr TF.
Price has broken through 4hr resistance zone.
We can now see price retesting its previous resistance zone, which is now our support.
Price has rejected off support with an engulfing candle.
EURUSD is likely to trade higher into the daily highs at 1.23200.
Price has broken through 4hr resistance zone.
We can now see price retesting its previous resistance zone, which is now our support.
Price has rejected off support with an engulfing candle.
EURUSD is likely to trade higher into the daily highs at 1.23200.