Bollinger Bands Hint at Bullish Continuation EURUSD, often called “Fiber,” is the most liquid forex pair on the planet, dominating daily chart technical and fundamental analysis discussions. Traders are keeping a close eye on upcoming FOMC speeches by Fed officials Thomas Barkin and Christopher Waller, as their comments could trigger fresh price action if they […]
The post EURUSD H4 Upward Trend Momentum appeared first on Capitalcore LLC.
Bollinger Bands Hint at Bullish Continuation
EURUSD, often called “Fiber,” is the most liquid forex pair on the planet, dominating daily chart technical and fundamental analysis discussions. Traders are keeping a close eye on upcoming FOMC speeches by Fed officials Thomas Barkin and Christopher Waller, as their comments could trigger fresh price action if they hint at tighter monetary policy. Meanwhile, the ECOFIN meeting in the Eurozone may influence the EUR’s outlook if any new economic support measures or budgetary directives are announced, potentially shifting the short-term bias for this major currency pair.
Chart Notes:• Chart time-zone is UTC (+03:00)• Candles’ time-frame is 4h.On the EURUSD H4 chart, price action appears to have entered an upward trend after a relatively steady phase, reaching the 1.0 Fibonacci level and upper Bollinger Band before retreating back toward the middle band. Despite this pullback, the pair remains closer to the upper band and near the 0.786 Fibonacci retracement, suggesting bullish momentum is still in play. The MACD shows rising momentum, while the OHLC Volatility indicator signals increased price fluctuations, underscoring the market’s heightened sensitivity to both technical and fundamental developments.
• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
The post EURUSD H4 Upward Trend Momentum appeared first on Capitalcore LLC.
Published by:
Daniel Carter