EURUSD Short term rebound possible.

EURUSD is testing its 4hour MA50 after consolidating all day yesterday around the 1.0300 level.

Based on the 4hour MACD, we have a consolidation similar to January 16th-17th, which ended up forming Resistance B.

As we just formed the 2nd Bullish Cross on the 4hour MACD, we expect a similar rise to take place.

Buy and target 1.04375, which is the bottom of Resistance A.


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