The Euro / US Dollar pair (EURUSD) 4H Diagram Technical Analysis Training shows the following:
The EURUSD pair has made a long development and now is above all indicators. The support line is above the KUMO so we are on a long term bullish mode. The daily diagram is bullish and the weekly/monthly diagram shows neutral trend.
So the first think in mind is that EURUSD pair will move upwards. As you can see the EURUSD has made multiple bottoms @ 1.3526. So the 1.3526 is a strong long term resistance. MACD has a bearish divergence failure and RSI is bullish.
We have no special candlestick pattern. The index is above the KUMO and the Tenkan Sen (Green line) and Kijun Sen (blue line) too. The index is above the EMA 200.
There is no special pattern. The fib from 1.35259 to 1.36357 (projection) shows a first target at 1.618of fib @ 1.37036 (this week).
Personally I think that all indicators show the long way towards to 1.37036 first.
The EURUSD pair has made a long development and now is above all indicators. The support line is above the KUMO so we are on a long term bullish mode. The daily diagram is bullish and the weekly/monthly diagram shows neutral trend.
So the first think in mind is that EURUSD pair will move upwards. As you can see the EURUSD has made multiple bottoms @ 1.3526. So the 1.3526 is a strong long term resistance. MACD has a bearish divergence failure and RSI is bullish.
We have no special candlestick pattern. The index is above the KUMO and the Tenkan Sen (Green line) and Kijun Sen (blue line) too. The index is above the EMA 200.
There is no special pattern. The fib from 1.35259 to 1.36357 (projection) shows a first target at 1.618of fib @ 1.37036 (this week).
Personally I think that all indicators show the long way towards to 1.37036 first.
