To be fair, there is also a bullish case for EURUSD. We were trading Friday and the up trend was strong and this chart offers a possible explanation. Perhaps there was an upward breakout on Friday and thus this uptrend could take us above and beyond the current range. On the 4hr chart, it does look like price wants to go higher. The slope and overbought / oversold are pointing upwards and show no sign of coming down yet.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.