Greetings to all hardworking individuals and enthusiasts of Europrofit! EUR USD 4H timeframe based on high-low prices. On the four-hour timeframe, the Euro, while within the Down MR (expansion model), after a corrective bounce from the area of the Up MR trend, continued its rise by surpassing the level t2 at the price of 1.0689 and is currently trading at 1.0707. Next, I will be interested to see a potential minor southern price correction on the Euro towards the surpassed t2 level at the price of 1.0689, followed by a continuation of the northern trend towards the nearest northern target on this timeframe, formed around t4 at the price of 1.0741. If the price consolidates above this level, the uptrend is expected to continue towards the target Up MR. For an alternative southern scenario, the price would need to consolidate below the Up MR trend, and only then would the Euro have the opportunity to continue the southern trend. Wishing everyone a successful and profitable day.
