EUR/USD have been very bearish due to the fact of a more strong USD that is stimulated by the FED ( federal reserve) and now is entering a consolidation phase where the market does the ups and downs in a certain range , the range that the price is traded inside is between 1.0598 and 1.0493 , if you look at the attached 4 hour chart of the $EUR/USD you will see the price bouncing between these two price levels , so now with the price being at the lower side of the range and with the previous candles closing above it , i expect the price to bounce once again from that same price level at 1.0493 and pump all the way up to 1.0567 and 1.0598.
so as long as the lower side of the range level holds the price is likely to push up .
so as long as the lower side of the range level holds the price is likely to push up .