Hello traders! Let's consider the currency pair EURUSD. This instrument is currently in an uptrend. The technical analysis shows that on the four-hour timeframe, the price is trading above the Ichimoku cloud, above the Kijun-sen and Tenkan-sen signal lines, the Chikou span line is above the price chart, and a golden cross is active. The Bollinger Bands are expanding and turning north, indicating an increase in volatility. The MACD oscillator volumes are rising, and the trend filter oscillator is colored green, indicating a bullish sentiment. In case the price successfully consolidates above the level of 1.3384, the nearest potential target for the upward movement is seen at the resistance level of 1.3457. If the bulls manage to break through this level, we might see an increase towards the level of 1.3535. Buying positions are preferred as long as the price trades above the critical Kijun-sen line. A pullback to this level will reduce the relevance of buying.
