FX.co ★ EUR/USD

Hello traders and may your trading be profitable! Regarding the EURUSD pair, we are consolidating at the market peak, and the delay in continuing the rise is likely due to the one-hour timeframe lagging behind the four-hour timeframe. What I mean is that the support level from the one-hour timeframe at 1.1852 is still lower than the same support level from the four-hour timeframe at 1.1865. Once the level of 1.1852 rises above 1.1865, I believe we will see an acceleration in the rise, and this will likely happen within a couple of hours during which the price needs to be kept above the 1.1865 level. Overall, for today, I expect to see the price of the EURUSD pair rise within a range limited by the support at 1.1865 to the south, with the resistance at 1.1987 as the target to the north.