EUR/USD: 4-hour
Check out this area of interest holdin’ like a boss on EUR/USD’s 4-hour forex chart! The pair has been droppin’ it like it’s hot for the past few days but it looks like price could find support at the 61.8% Fibonacci retracement level. This lines up with the broken resistance around the 1.0900 to 1.1000 levels, which might keep further losses in check. Stochastic is moving up, confirming that buyers are in control of price action for now and that a climb to the nearby resistance at 1.1100 might take place. Heck, if more euro bulls come charging, the pair might even be able to head back to its previous highs close to the 1.1500 major psychological mark!
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