EURUSD long view

Looking at the EURUSD on the four-hour time frame, we see that the pair further consolidate in the zone 1.17500-1.18000. For the bullish scenario, we need a stronger break above 1.18200, where we would get support in the moving averages MA20 and MA50. Our target then is the MA200 in the zone 1.18800-1.19000. For the bearish scenario, we currently break below 1.17500 large support zones. A break below that support zone leads us to 1.17000.