On the four-hour chart, an active upward movement can be observed where the quotation has reached the resistance level ranging at 1.3250 / 1.3180. For now, let us see how the price will move within the range forming a consolidation of candles like "Doji". Most probably, the price will continue to fluctuate within 1.3250 / 1.3180 (+/- 10p) where the "bears" will try to pull the trend to their side and form a complete correctional movement in the market.
In the case of the "bullish" potential persists and the quotation can still be firmly fixed above 1.3260, this would probably assume to move further directed towards the values of 1.3300 / 1.3400.
Key Levels
Resistance zones are 1.3250;
Support zones are 1,300;
Signals
- It is recommended to buy the pair after the price fixed higher than the 1.3260, with the prospect of a move to 1.3300 / 1.3400.
- It is recommended to sell the pair after the price clearly fixed below 1.3180, with the prospect of a move to 1.3120 / 1.3050.
Draw your attention: Predictions are not a direct guide to action!
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