FX.co ★ EUR/USD

In the review, the currency pair EURUSD. The price, in its upward movement, met resistance at 1.1566 and is now trying to consolidate above this level. The technical picture shows that on the four-hour timeframe the price is trading above the Kijun-sen and Tenkan-sen signal lines, above the cloud, the Chikou-span line is above the price chart, and the golden cross is active. The Bollinger Bands are turning north, signaling a likely continuation of the upward impulse, MACD oscillator volumes, after a local pullback, are rising again, and the trend filter oscillator is colored green, indicating that bullish market sentiment is being maintained. The potential for continuation of the upward movement remains. If the price successfully consolidates above the 1.1566 level, I consider 1.1627 as the next potential target. Long positions will be a priority as long as the price is trading above the critical Kijun-sen line. A pullback to this level reduces the relevance of buying.