Euro / U.S. DollarUpdated EUR/USD back to 4H resistance, can the bulls break it?
Hello traders, EUR/USD is knocking at the dynamic resistance on
the 4Hour chart once again. Now, this area is critical as it determines
what the next direction for EUR/USD will be.
As per my analysis, EUR/USD will go bullish in the next few weeks.
So, if the 1.0580-1.06 zone is broken with a strong bullish candle,
we can expect 1.0750 and even 1.09 in the next 3-4 weeks.
I will continue to buy the dips in EUR/USD if price reaches 1.05 level again.
the 4Hour chart once again. Now, this area is critical as it determines
what the next direction for EUR/USD will be.
As per my analysis, EUR/USD will go bullish in the next few weeks.
So, if the 1.0580-1.06 zone is broken with a strong bullish candle,
we can expect 1.0750 and even 1.09 in the next 3-4 weeks.
I will continue to buy the dips in EUR/USD if price reaches 1.05 level again.
Note
chop chop, no meaningful moves yetNote
Choppy market now after Powell's statement. Waiting for a clear picture. Price above 1.06 would be positive for the bullsNote
Slightly bullish bias now, plan is to buy the dipsNote
4h candle has closed above the mav, let's see if we can get some follow through
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.