The EUR/USD is moving towards its resistance on a 4 hour time frame. The Fibonacci retracement shows that the price has crossed its 61.8% retracement level and it is more than likely that it could complete its 100% move. The pair is trading well above the 50day (shown in green) and 100 (shown in yellow) day moving average which confirms that the bulls have strong control of the price. However, as it is approaching near its resistance level, a correction could also be on the card.
The RSI is trading in-line with the price action which means that the bias could be to the downside, but it is also trading in an overbought zone which once again calls for caution.