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EURUSD 4 Jul 2023

EURUSD 4 Jul 2023 on the H1 timeframe. It can be seen that the pair is still ranging between the 50.0 and 61.8 Fibo levels. however, it looks like there will be an upward bounce after the pair touches the 50.0 Fibo level. if the pair is able to continue bullish until it breaks the 61.8 Fibo level, then go-long is an option for scalpers. this is also reinforced by the RSI indicator which is still above the 50 level. however, traders must remain alert to the possibility of trend reversal caused by volatile market conditions.

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