EURUSD 4H Diagram Technical Analysis shows the following:
The EURUSD after some consolidations under the KUMO (4h) reacted and now is between Tenkan Sen support & Kijun Sen resistance. MACD is bullish and RSI is approaching 52.
The first think in mind is that the KUMO approaching,
There is no special candlestick pattern.
Respecting to fib the first target is 0.764 (1.268) and the second is 0.618 (1.273).
Long if it stabilizes above Kijun Sen (blue) short if it stabilizes under Tenkan Sen (Green).
The EURUSD after some consolidations under the KUMO (4h) reacted and now is between Tenkan Sen support & Kijun Sen resistance. MACD is bullish and RSI is approaching 52.
The first think in mind is that the KUMO approaching,
There is no special candlestick pattern.
Respecting to fib the first target is 0.764 (1.268) and the second is 0.618 (1.273).
Long if it stabilizes above Kijun Sen (blue) short if it stabilizes under Tenkan Sen (Green).
