The 4-hour chart of EUR/USD indicates that the pair is currently in downtrend.
The pair made a strong downside move and it is currently at support levels of 1.15108.
Also, stochastic indicator is showing a divergence, which indicates a subsidised momentum.
Hence we can expect the counter to be bullish until it reaches the target of 1.15553.
The pair made a strong downside move and it is currently at support levels of 1.15108.
Also, stochastic indicator is showing a divergence, which indicates a subsidised momentum.
Hence we can expect the counter to be bullish until it reaches the target of 1.15553.
Trade closed: target reached