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FX.co ★ EURUSD , H4 | Bullish continuation expected?

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Forex Analysis:::2023-06-09T05:14:05

EURUSD , H4 | Bullish continuation expected?

EURUSD , H4	| Bullish continuation expected?

The EUR/USD chart displays bullish momentum, suggesting a positive bias in price movement. There is potential for further upward movement towards the first resistance at 1.0822, a significant level of overlap resistance accompanied by a 38.20% Fibonacci retracement. Pullbacks may find support at the first support level of 1.0739 and the second support level of 1.0671, both representing overlap support. The second resistance at 1.0901 could act as a point of resistance during upward movement. An intermediate support level at 1.0759 may provide temporary support during minor retracements.

Analyst InstaForex
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