EURUSD Bullish but hit the top of the Channel Up

The EURUSD pair has recovered after the drop below the 4H MA50 (blue trend-line) and is almost at the top of its short-term Channel Up. With the 4H RSI reaching its Lower Highs trend-line, we expect pull-back to the bottom of the Channel Up and the 4H MA50 before a rebound that will test Resistance 2 and our 1.10300 long-term target.

Tradingview link:

https://www.tradingview.com/chart/EURUSD/eXh40XC1-EURUSD-Bullish-but-hit-the-top-of-the-Channel-Up