(INTRADAY) EURUSD is bullish
The price is above MACD and 24 - and 120- period EMA
The RSI is above 50, indicating the uptrend.
What the possible outcomes are
The pair is trading above the 24-period EMA and the 120-period EMA in close contact with them, indicating that the bulls gained momentum to take over the market.
A breakout of the 1.22023 resistance level can push the price towards 1.22474 and 1.22799.
The RSI is above 50 and indicates a possible continued growth in combination with the MACD.
Contrarily, if the bears break the support at 1.21603 level, the support levels will move to 1.21210 and 1.20717.
Support 1.21603 1.21210 1.20717
Resistance 1.22023 1.22474 1.22799
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