Hind_Hamid

EURUSD technical analysis

OANDA:EURUSD   Euro / U.S. Dollar
The Euro hit the target at 1.1795 as expected and currently, we see a bit of a buying action around this area that I call a minor support level on the 4H chart.
if the pair could break above 1.1820 we may see a rally back to 1.1850 as a first bullish target and 1.1870 as a second one. however, the market is still struggling within a close range around both 200 and 50 EMA's. and if the market fails to hold above 1.1770, that could lead to a bit of pressure to 1.1740 handles.
on the bigger picture, I think the Pair is bullish and giving enough time, the Euro might reach 1.25 handles.

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.