EURUSD and return above EMA50

EURUSD has stabilized on the bullish side after returning above the EMA 50 moving average. This brought the pair back above 1.04000, and we are closer to the resistance zone at around 1.04500. If we see a break above, we could move back above 1.05500. Failure of EURUSD to hold above 1.04500 will trigger another pullback down towards the EMA 50.