EURUSD 4hour RSI Bullish Divergence.
EURUSD has been struggling to break above the 1day MA50 but that shouldn't take long to do so, as the 4hour RSI is on a Channel Up (Bullish Divergence) since 10 days already.
Once the 1day MA50 breaks, we expect a 1day MA200 test, followed by a pull back before the final rise.
Our target is the 0.618 Fibonacci level at 1.10400.
Previous chart:
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Once the 1day MA50 breaks, we expect a 1day MA200 test, followed by a pull back before the final rise.
Our target is the 0.618 Fibonacci level at 1.10400.
Previous chart:
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