EURUSD may return to 1.06000

23 Eki 2023

Although the price movement of EURUSD on the H4 time frame technically has a bearish structure, the recent price movement has seen a bullish challenge to the horizontal resistance area at 1.06000. Further upside could be seen in intraday value areas such as the horizontal resistance area at 1.06680/1.07000 before a southward reversal occurs.