Looking at the 4-hour chart, the pair even settled above the 200 simple moving average (green, 4-hour) and the 100 simple moving average (red, 4-hour).
Key highlights EUR/USD started a fresh increase above the 1.0820 resistance. A key bullish trend line is forming with support at 1.0825 on the 4-hour chart. EUR/USD technical analysis Looking at the 4-hour chart, the pair even settled above the 200 simple moving average and the 100 simple moving average . There was a move above the 1.0850 resistance. The pair traded as high as 1.0895 before there was a minor pullback. The pair dipped below the 23.
6% Fib retracement level of the upward move from the 1.0723 swing low to the 1.0895 high. However, the bulls are active above 1.0820. There is also a key bullish trend line forming with support at 1.0825 on the same chart. The next major support is at 1.0810. If there is a downside break below the 1.0810 support, the pair might test 1.0750. On the upside, the first major resistance is near 1.0895. A clear move above the 1.0895 resistance might send it toward the 1.0920 level.
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