Bulls are losing momentum this session, while the euro against the dollar pulls back below the 1.10 level.
4 hours Time Frame EUR/USD
The correction in the U.S indices is supporting the USD’s recovery, however, the pair is currently testing an important support zone.
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Open account Try demo Download mobile app Download mobile appIf the price stays above the uptrend line, the bullish scenario could resume again. However, if a breakout of this zone appears, then a further pullback cannot be excluded.
EUR/USD, 4 hours time frame chart. Source: xStation 5
USD leads the gains this session.
Heatmap. Source: xStation 5
Henrique Tomé, XTB Portugal
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