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With the appearance of deviations between the price movement of Fiber and the Stochastic Oscillator indicator and also confirmed by the appearance of the Bullish 123 pattern on the 4-hour chart, in the near future EUR/USD has the potential to strengthen where the level of 1.0529 will be tested to be broken and closed above it if successful then Fiber will continue its strengthening to the level of 1.0680 and if the momentum and volatility support it then the level of 1.0804 will be the next target to be aimed for but all these strengthening scenarios will be invalid and canceled by themselves if on the way to strengthening EUR/USD suddenly weakens again and breaks through and closes below the level of 1.0329.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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