EUR-USD has got support from the Friday's congestion area. The 4 H chart has closed inside the channel, making a downward move null for the time being.
The focus needs to be on the DAILY chart as we approach the last 4 hours of trading. If we close with an "inside bar", and especially with a long TOP wick, we could still see a bearish move tomorrow. But until that happens we are in a congestion.
Bullish sentiment imo is only if we break above 1.3093 level on the weekly chart.
The focus needs to be on the DAILY chart as we approach the last 4 hours of trading. If we close with an "inside bar", and especially with a long TOP wick, we could still see a bearish move tomorrow. But until that happens we are in a congestion.
Bullish sentiment imo is only if we break above 1.3093 level on the weekly chart.
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