EUR/USD remains above 1.06 level

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

On 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 lossess this trading session.

Heatmap. Source: xStation 5

Henrique Tomé, XTB Portugal

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Forex Technical analysis

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