EUR/USD’s 4-hour chart shows a bearish indicator divergence. The pair could witness a pullback to 1.11, having failed to keep gains above 1.12 during the overnight trade. EUR/USD closed out in green for the fourth straight day on Tuesday, confirming the longest daily winning run since the end of December. Back then, the common currency had rallied for four consecutive trading days, starting from Dec. 26 to Dec. 31. At press time, the pair is trading at 1.1168, having hit a two-month high of 1.1214 on Tuesday. Notably, the common currency has risen by 400 pips in a near 90-degree manner in the last 12 days, erasing over 90 percent of the sell-off from 1.1240 to 1.0778 observed during the seven weeks to Feb. 20. The surge seems to have put the bulls back into the driver’s seat. However, rise to the immediate resistance at 1.1240 could be preceded by a pullback as the 4-hour chart relative strength index is beginning to diverge in favor of the bears. As noted earlier, the pair rose above 1.12 on Tuesday, however, the RSI did not confirm it by setting a higher high. The hourly chart RSI is also reporting a bearish divergence. The spot, therefore, could retreat to 1.11 on Wednesday. A violation there would expose the ascending 100-hour average at 1.1051. On the higher side, a move above 1.12 would shift the focus to the resistance at 1.1240 (Dec. 31 high). 4-hour chart Trend: Pullback likely Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australian Treasurer Frydenberg: Working on targeted series of fiscal measures FX Street 3 years EUR/USD's 4-hour chart shows a bearish indicator divergence. The pair could witness a pullback to 1.11, having failed to keep gains above 1.12 during the overnight trade. EUR/USD closed out in green for the fourth straight day on Tuesday, confirming the longest daily winning run since the end of December. Back then, the common currency had rallied for four consecutive trading days, starting from Dec. 26 to Dec. 31. At press time, the pair is trading at 1.1168, having hit a two-month high of 1.1214 on Tuesday. Notably, the common currency has risen by 400 pips in a near 90-degree manner in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.