The EUR/USD fell from its resistance zone on a 4 hour time frame as predicted. This resistance zone was given in our analysis on the 25th of October. The volatility of the price is high, as it has pierced the Bollinger band and it is trading away from its 20 day moving average. The pair is still trading above both of the upward trend lines (shown in purple), which confirm that the uptrend is still strong and any pull back could be an opportunity to join this trend.
The EUR/USD is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving average which confirms that the bulls are in strong control.
The RSI shows that the bias could be to the downside.