EURUSD 4H Diagram Technical Analysis shows the following:
The EURUSD got our 1.618 of fib (1.338) target last week and made a reaction towards to KUMO.
MACD is turning weakly bullish under the zero line and RSI has already reacted from it's oversold level. In addition the pair breached the resistance line that was a support too.
There is no special candlestick pattern. The price is into the KUMO, and above the Kijun Sen (blue line) and the Tenkan Sen (green line) too.
There is no special pattern except of a little W. The local bottom there @ 1.333 it's a fact. MACD & RSI forces their bullishness.
Next week I expect consolidations around 1.34 - 1.35 with bullish thoughts but not something huge. I wait something like the previous yellow rectangle.
The EURUSD got our 1.618 of fib (1.338) target last week and made a reaction towards to KUMO.
MACD is turning weakly bullish under the zero line and RSI has already reacted from it's oversold level. In addition the pair breached the resistance line that was a support too.
There is no special candlestick pattern. The price is into the KUMO, and above the Kijun Sen (blue line) and the Tenkan Sen (green line) too.
There is no special pattern except of a little W. The local bottom there @ 1.333 it's a fact. MACD & RSI forces their bullishness.
Next week I expect consolidations around 1.34 - 1.35 with bullish thoughts but not something huge. I wait something like the previous yellow rectangle.
