Time frame Used - four hours
The EURUSD is moving in a bullish direction in the near term Purchasing power managed to push the EURUSD to the upside to reach level of 1.1725 as it still faces selling pressures around this level
In view of the technical indicators
Both the RSI and the Stochastic are indicating to there are no signals
Accordingly, we expect that the EURUSD will test the 1.1725 level again, which will breach above will target levels of 1.1830 - 1.1988
The alternative scenario is that the EURUSD break below level of 1.1638 to target levels of 1.1592 - 1.1517
Resistance: 1.1725 - 1.1830 - 1.1988
Support: 1.1638 - 1.1592 - 1.1517
Direction: Up
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