EURUSD long view

The chart on the four-hour time frame shows that the pair is currently testing the MA200 and EMA200 at 38.2% Fibonacci level at 1.19000. Since the beginning of April, the pair has been in a bullish trend from the previous low to 1.17000. after that, the pair finds support in moving averages MA20, EMA20, and MA50 with a break made above 23.6% Fibonacci levels. If the bullish momentum continues, we can expect a jump above 38.2% and all moving averages. We are looking at the previous high at 1.19500. Our technical bullish target is 50.0% Fibonacci level at 1.19700. The MACD indicator is still on the bearish side; we need at least one green histogram as a potential confirmation for its stronger bullish signal.