Charts: 4 HOUR,

The EUR/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the EUR/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to approach
the centerline during the expected move higher. RSI is trading in
extreme oversold territory and a breakout should initiate the rally.
Current Level :1.1230
EUR/USD is actually at strong bullish trend.
Pair has low volatility with average range about 150 to 350 points.
Pair was much stronger than second last few weeks.
Pair will be stronger as second.
Pair will be 400 to 600 pips higher than actual price at a deadline
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