FX.co ★ EUR/USD

**EURUSD.** Hello traders. The Euro/US Dollar continues to move north, with the pair hitting a local high again and approaching last year's resistance zone. However, it is not certain yet that we will see a rejection. On the hourly chart, indicators fully support further movement to the north, with only one of the lagging indicators not backing the bullish sentiment, but not negating it at the moment. The Bollinger Band hints at a small local correction, but there is no talk of a reversal yet. On the 4-hour chart, indicators also fully support further upward movement, and the Bollinger Band is starting to expand, indicating a likelihood of the current upward impulse developing. However, some lagging indicators have shown several bearish divergences with a hint of a reversal. So, in the short term, there is a possibility of a minor move to the south, with an approximate target of 1.1700, and then it will be clearer whether the bears can take the lead.