The main trend is still bullish. It’s likely that the market is going to reach the next resistance at 1.2537 – 1.2569 in the short term. If a pullback from this area happens little later on, there’ll be a moment to have a decline towards the nearest support at 1.2456 – 1.2384.
The pair is consolidating between the levels 1.2537 – 1.2493. The main intraday target is the 34 Moving Average, which could be a departure point for another upward price movement in the direction of the next resistance at 1.2537 – 1.2569.
EUR/USD H4
EUR/USD H1
