Pair EURUSD H4: 1 - On the 4-hour chart, the Euro has started to pull back towards the central area of the bands after an active movement along the lower band. To get a quality signal for a price drop, it is worth waiting for an active touch of the lower band, and then assess whether the bands will expand outward or no reaction will follow. Speaking of fractals, the price broke the nearest fractal downwards yesterday and reached the target at the level of the fractal from February 6. Currently, a new closer fractal downwards has formed, which now acts as the target for the price drop. Its breakout and consolidation below it will allow the price to reach the fractal from January 23 at the level of 1.17276. Also, a new closer fractal upwards has formed, which now serves as the target for the price increase. Its breakout and consolidation above it will enable the price to move towards the fractal from February 18 at the level of 1.18478.
2 - The Awesome Oscillator indicator is actively increasing in the negative zone, it is still unclear when the first peak will form, indicating that the price drop may continue further. To get a quality signal for a price increase, it is worth waiting for an active fading towards the zero level.
