EURUSD currently in an uptrend on the daily timeframe, along with possible a break and retest on the weekly trendline.
Support at 0.786% weekly fibonacci retracement level.
Trading above the EMA 31, 50 & 200 on the 4hr timeframe.
EUR currently showing as weak while USD appearing strong, indicating a change in momentum.
Ideal entry would be at 1.13650 technical support.
If the 1.14000 psychological level is broken this could suggest further bullish movement towards 1.1448, the previous daily high.
Support at 0.786% weekly fibonacci retracement level.
Trading above the EMA 31, 50 & 200 on the 4hr timeframe.
EUR currently showing as weak while USD appearing strong, indicating a change in momentum.
Ideal entry would be at 1.13650 technical support.
If the 1.14000 psychological level is broken this could suggest further bullish movement towards 1.1448, the previous daily high.