EURUSD is expected to rise soon.
In the 4-hour chart, it's very clear that the exchange rate has been suppressed by the middle Bollinger Band and has been moving downwards. It is now approaching the previous low of 1.04829, and the MACD indicator has formed a bullish divergence, showing a trend towards a golden cross formation. Whether it's the support level from the previous low or other indicators, they all indicate an increased probability of an upward trend. Therefore, I believe that a long position trade can be initiated around 1.05060.
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註釋
The prices have already started to rise, and I believe there is still plenty of bullish room for growth
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