FX.co ★ Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Thursday June 22, 2023.

On its 4 hour chart EUR/USD main currency pairs seems moving in Bullish condition and is heading to the level of 1.1032 as the main target and 1.1101 as the second target where this is confirmed by the price movement which is above the SMA (30) as well as the formation of the Bullish 123 pattern followed by the break of several Bullish Ross Hooks and most importantly the CCI indicator (30) managed to break above the -100, 0, & 100 levels as well as the CCI (30) movement which was often stuck at the -100-0 and 100-0 area levels and never managed to break below the -100 level where this indicates a fairly significant Support Level. However, if on its way to these levels suddenly Fiber corrected downwards, breaking below the 1.0893 level, then all scenarios of a bullish rally as previously described will become invalid and cancel automatically.

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