Looking at the 4-hour chart, we see that EUR/USD has already got into a discount area on the grounds of the Interbank Price Delivery Algorithm (IPDA). A 60-day trading range means the odds are that the Fiber will move up soon. Nevertheless, before EUR/USD goes up, the price is expected to make a small retracement not more than below 1.0830 to gain healthy momentum for reaching to the next liquidity pool at 1.0970.
The overall bias of EUR/USD is bullsih.
(Disclaimer)