Following the chart, on the four-hour time frame, we see that the EURUSD pair encountered resistance at 1.13500. We are now consolidating in the zone 1.13000-1.13500, and we need further support in
MA20 and MA50 to continue towards the next bullish this time frame is 1.150000
resistances on the chart. The main bullish target on
Bullish scenario:
We need positive consolidation and a break above 1.13500. Only then can we expect the pair to continue
up:
The first up resistance is at 1.14000 level, and the next at 1.14500 zone of previous bearish consolidation.
in zone 1.14750, we encounter the MA200 moving average before visiting the 1.15000 level. Bearish scenario:
MA20 and MA50 to continue towards the next bullish this time frame is 1.150000
resistances on the chart. The main bullish target on
Bullish scenario:
We need positive consolidation and a break above 1.13500. Only then can we expect the pair to continue
up:
The first up resistance is at 1.14000 level, and the next at 1.14500 zone of previous bearish consolidation.
in zone 1.14750, we encounter the MA200 moving average before visiting the 1.15000 level. Bearish scenario: