With the appearance of Convergence between the EUR/USD price movement and the Stochastic Oscillator indicator on the 4-hour chart, it gives an indication that in the near future Fiber has the potential to weaken down to the level of 1.0416, but as long as the decline does not break and close below the level of 1.0322, the weakening that occurs later is only a correction and temporary, even potentially making Fiber strengthen up to the level of 1.0504 if this level is successfully exceeded and closes above it, it will make EUR/USD strengthen up to the level of 1.0543 and if the momentum of strengthening and volatility support it, 1.0592 will be the next target.
(Disclaimer)
