EURUSD 9 Nov 2023 on H4 timeframe. The pair was seen to have been bearish at the opening of this month after successfully touching R2. Down from the price position of 1.07465 to the price of 1.06646, now the pair has managed to rise after the previous session touching R1 and occupying the price position of 1.07099. However, this pair appears to be in a bearish phase, as seen from the candlestick that initiates bearish and also on the MACD indicator which shows a decrease on the chart. If the pair is unable to re-initiate bullish and the bearish continues down through R1 then go-short could be an option for traders. But if this pair is able to survive and return to bullish, then go-long is an option. Keep an eye on volatile market movements before making trading decisions
