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Eur/Usd remains quite bullish in the 4 hours charts despite trapped in range since early Asia. Quoting around 1.5030, 20 SMA continues guiding price acting as dynamic support, while momentum points for further euro winnings ahead. First key level to consider is the year high around 1.5060, followed by 1.5100 zone, and 1.5156, 76.4% retracement of the monthly fall 1.6038/1.2330. The pair seems unable to clearly move under 1.5000, our first support for today, followed by the very close 1.4970 zone. Pair needs to accelerate after breaking that zone, to extend any downside movement, with 1.4940 as next level to watch, yet seems to be quite hard to see the pair reaching that level easily.
Dear val
How are you? I wish to make a comment here as continuation of your post.
The players have broken the hard support-the market appears impossible and give the surprise when broken easily,because it is man made market.
Regards
Dr.Sivaraman
Hi doc! nice to see you here! I’m really great tks, still trying to return to normal life after two amazing weeks in Spain. True, support give up and surprise some of us, and yes.. market depends on humans. Unfortunately, we are not perfect, but the best of it, is that makes life more interesting!
Regards
Val