Above is the 4-hour chart of EUR/USD. We can see that after Euro touched the horizontal resistant two days ago, it fell and apparently could not break this level.
The good news is Euro has ended its downwards trend (within the blue and red down-trend lines) and broke this channel from below 4 days ago. This suggests a strong bullish trend for EUR.
It is currently rising along the green up-trend line. This provides great support to this currency at around 1.364.
We will have to see whether it could break the resistant at around 1.37. And the next resistant will be at 1.386. These are the two major levels to be aware of in near future.
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