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T3-Consultancy

EURUSD 4H: Bullish outlook seen, further upside above 1.1050

Long
Euro / U.S. Dollar (FX:EURUSD)  
T3-Consultancy  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index EURUSD eurusdlong eurusdbullish Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdollar eurusd eurusdlong eurusdbullish forex forextrading forexsignals
Price is currently range bound between the high of 1.1080 and the low of 1.0920. However, price is hovering over a key support zone at 1.0950. A throwback to this support zone, which coincides with the 78.6% Fibonacci extension, could provide the bullish acceleration to the resistance zone at 1.1050. RSI exited the oversold region at 40, supporting our bullish bias.
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