Euro Dollar may continue to rise after correction

Euro dollar may continue to rise after a temporary correction

EUR/USD trading talks 08 August

Euro dollar may continue to rise after a temporary correction. This prediction can be made according to a fairly clear MACD signal on the hourly chart. EMA 100 and EMA 200 indicators on the hourly and four-hour charts will help to finally decide on the further movement.
On the hourly, these lines are now resisting further growth and the price is right below them, making them key levels in the 1.0200 area. On the 4-hour chart, watch the EMA 100, which has already been tested at 1.02085 but has not yet been broken, and the EMA 200, which is obtaining more resistance power as the distance between the EMA lines narrows. Level 1.0283 is a key resistance point and the highest in the last month.
As for the MACD on the four-hour chart, there are no preconditions for growth so far, but everything can change if the price grows above 1.02085. Anyway there is no divergence on MACD.
If the option is not confirmed, then it is likely that the corrective trend that formed after the rapid fall to 1.0000 will be changed and we will see new attempts to beat the key levels of 1.01 and 1.00