The sentiment in the market is improving this Monday, while investors await the results of inflation in the US that will be known tomorrow.
EUR/USD - 4 hour time frame chart
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Open account Try demo Download mobile app Download mobile appOn the 4-hour chart, we can see that the price continues above the support zone marked by 1.06 which coincides with the Fibonacci levels at 61.8%, showing that there is still space for a new bullish momentum.
As long as the price remains above this zone, the bullish scenario seems likely to happen.
EUR/USD, 4 hours time frame chart. Source: xStation 5
CHF and USD lead the gains this trading session.
Heatmap. Source: xStation 5
Henrique Tomé, XTB Portugal
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