Euro May Have a Temporary Fall

The euro continues to gradually rise to the upside against its US counterpart within the expected bullish path, touching the target required to be achieved during the previous analysis at 1.1870, reaching a peak at 1.1894.

Technically, looking at the 4-hour chart, we find negative signs appearing on the stochastic indicator, in addition to the intraday trading remaining below the resistance level of 1.1880.

This increases the possibility that we will witness a slight bearish bias in the coming hours, targeting a re-test of 1.1800 / 1.1815 before attempting to rise again.

From the top, crossing above 1.1880 will lead the pair to resume the bullish path, opening the way towards 1.1925 then 1.1970. Warning: a slight bearish trend does not contradict the upside.

S1: 1.1815	R1: 1.1880
S2: 1.1765	R2: 1.1925
S3: 1.1720	R3: 1.1970