EURUSD, H4
In the H4 timeframe, EURUSD broke above the bullish falling wedge and faced the 1.1130 resistance zone aligned with the golden Fibonacci ratio.
The RSI and MFI oscillators are in an overbought zone, potentially indicating a bearish pressure for the EURUSD:
- If the price breaks above the 1.1130 resistance, it will open the way to the 1.1200 resistance;
- However, a rebound from the golden Fibonacci pocket may trigger a decline to 1.1080 support.
