Hello traders, EUR/USD Н4
The pair is currently trading slightly above the 1.1900 level, with the moving average below the quotes. This clearly indicates a potential uptrend. However, there is a small caveat: to continue the upward movement, it would be beneficial to consolidate above this level, turning it into support. In that case, the uptrend is likely to continue. If the price fails to hold above this level and falls back below it, a continuation of the downtrend is highly probable. Let's see how it plays out, for now the bias is towards the upside. Wishing everyone a great day.
