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The single currency traded on a positive note within the bullish path, as we expected, touching the first target 1.1875, reaching the session high at 1.1880.
Technically, looking at the 240-minute chart, we see that the simple moving averages continue to hold the price and favor the bullish curve, on the other hand, we find the stochastic started to provide negative crossover signals on the 4-hour timeframe with clear negative RSI signals on short time intervals.
Despite the conflicting technical signals, we tend to be negative in intraday trading, targeting a re-test of 1.1775 as an initial target that might extend to 1.1820 before attempting to rise again.
On other hand, surpassing 1.1875 resistance and the most important 1.1900 will push the pair to complete the daily bullish trend and open doors for 1.1960 / 1.1950.
| S1: 1.1810 | R1: 1.1875 |
| S2: 1.1765 | R2: 1.1910 |
| S3: 1.1720 | R3: 1.1945 |
