Technical Analysis of EUR/USD
EUR/USD is trending higher on the 4-hour chart after bouncing from the 1.1390 WOB level. A DIFVG has also formed, providing additional support for further upside. Prices are currently trading around 1.1560, and further gains are anticipated.
Key Economic News
No major euro- or dollar-related releases are scheduled today, so price action is expected to remain relatively quiet.
Liquidity Levels
Upside targets lie at 1.1710 followed by 1.1790.
Invalidation
The bullish view is negated if price revisits the 1.1390 level.
