đź“ŠEURUSD is currently in a bullish trend, with a consolidation phase happening within a horizontal range after reaching a new higher high.
The resistance of the range is at 1.0867/58, and a break and close above this level on a 4-hour chart could signal a trend-following movement with the next resistance at 1.0897.
On the other hand, a bearish breakout below the support of the range could lead to a bearish continuation in the market.
The resistance of the range is at 1.0867/58, and a break and close above this level on a 4-hour chart could signal a trend-following movement with the next resistance at 1.0897.
On the other hand, a bearish breakout below the support of the range could lead to a bearish continuation in the market.
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Disclaimer
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