EUR/USD, hourly charts remain bullish in the pair despite choppy trade over the past few hours. 20 SMA remains with a nice bullish slope, while indicators have no clear bias at this hour. Bigger time frames show the pair has lost some of the upside strength, yet not signaling further falls.
“Watch the descendant trend line around 1.3980 to confirm further rises, while under 1.3910, base of a small triangle, pair could extend losses to the 1.3810 zone,” said Valeria Bednarik.
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