The recent low on the EURUSD 4h chart signaled the beginning of an upward retracement movement.
When the price of the market reached 1.02500, a range between the resistance and the 0.5 fib level began.
A further bullish move is anticipated as the price tests the upside resistance while the US dollar index is strengthening. The RSI is moving toward the level of 70 and the ADX is showing a rising signal. The MACD histogram is in positive territory with the signals showing an uptrend AND There is a weak trend in the ADX.

• There is resistance at 1.26077, followed by resistance at 1.27336 and 1.03105.
• There is support at 1.02189. Below, there is 1.01980 and 1.01514.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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