According to the 4-hour chart, if the EUR/USD continues to hold above the support level of 1.3560, the pair will advance towards the 1.3750 area. Should the pair break the support level at 1.3560 it may fall strongly towards 1.3400 levels once again. Both MACD and moving average indicators support this bullish trend.
The pair is currently trading along a bullish trend. The uptrend may continue in case the market stays above the resistance level at 1.3595, which will be followed by reaching resistance level at 1.3560.
Alterative Scenario:
A downtrend will start, if the pair drops below support level at 1.3485, which will be followed by the next support at 1.3435.
Resistance and Support Levels:
Resistance 1: 1.3595
Resistance 1: 1.3650
Support 1: 1.3535
Support 2: 1.3485
This analysis was provided by TradeHits.