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EURUSD 25 Oct 2023

EURUSD 25 Oct 2023 on H4 timeframe. After experiencing bearish yesterday, today the pair was able to handle the situation and initiate a bullish trend after touching S1. Down from the price position of 1.06783 to 1.05861, now the pair has managed to try to get back up and occupy the price position of 1.06022. If we look at the ichimoku indicator, it seems that the bullish trend will continue because the tenkan-sen position is above the kijun-sen. In addition, the bullish signal is also reinforced by the appearance of the RSI indicator which is moving up from the level of 50 to 70. Therefore, go-long can be an option for traders for now. In case the opposite happens due to some factor, go-short can be an option when the chart indicates a bearish possibility. Stay alert to volatile market movements.

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