EURUSD – The Currency Pair May Continue to Rise

20.05.2024

H4: The currency pair has once again risen above the (6/8) mark and is now attempting to consolidate above this level. Against this backdrop, an intraday rise in quotations with an update of the local trading high is expected. After that, reversal signals may be formed on the chart, and the currency pair will demonstrate a retracement with the aim of retesting the (6/8) mark.

Trading Decision: Buy 1.0850, TP 1.0930.