On the four-hour chart, EUR/USD is testing the static resistance near 1.1330 and the Relative Strength Index (RSI) indicator is staying below 70, suggesting that there is more room on the upside before the pair turns oversold.
On the upside, the next target is located at 1.1360 (100-period SMA). If buyers are able to flip that level into support, additional recovery gains toward 1.1400 (Fibonacci 50% retracement of the November downtrend, psychological level) could be witnessed.
Supports are located at 1.1300/1.1290 (psychological level, Fibonacci 23.6% retracement) and 1.1270 (50-period SMA, 20-period SMA
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