EURUSD long view

On the four-hour time frame, we see that the pair moves in one channel where it is now bouncing off the bottom channel line, and we can expect a bullish trend again to the top channel line. By setting the Fibonacci retracement level, we see that the pair will soon climb to 23.6% level at 1.19300, where the pair should receive support for moving averages MA20, EMA20, and MA50. After that break we look towards MA200 and EMA200 at 1.20000-1.20500, zone 38.2% -50.0% Fibonacci levels.