The EUR/USD ha entered in its resistance zone on a 4 hour time frame once again. This is the third time that the price has entered this resistance zone therefore, it is more likely that this zone may no longer be able to hold the price down. Having said that, it is a still valid zone of resistance
The pair is trading above the 50 day (shown in green) and 100 day (shown in yellow) moving average, which means that the bulls are in strong control of the price. Moreover, it is also trading above its upward trend line which is a further confirmation of the above trend.
The RSI is trading in-line with the price action which means that the bias could be to the downside.