[EUR] Long bias in short term

EUR/USD 4-hour chart, source: forexfactory.com

EUR/USD weekly chart, source: forexfactory.com

I should say my analysis for euro in last reort is incorrect. I expected the price of currency pair EUR/USD would turn down but it continues hike. I thought the double-tops pattern was built and expected it was going to be completed. But the price just got the adjustment and rose again.

It expanded its support line and the line will be effective for a while. And I think long bias to the pair  EUR/USD is available, now.

But the price rose for weeks without adjustment in weekly chart. There were just tails in the chart. And the main trend in the weekly chart is downward. It doesn't seem to the trend is turned at once. The price of 1.0850s may be a resist band, I guess. It may sink or raise its record again. In any case, there will be the adjustment then decide its direction in weekly chart.

Traders need to be aware that the signals from different time zone charts are different.

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