Overview
Proceeding from the today's H4 chart, the pair is still trading between the Support level 150.50 and the Resistance level 151.50 and currently the pair fails again to break the Support level. If the pair bounces from it to take an upward movement, it may continue its bullish trend and we will get a good opportunity to buy again above the Resistance level 151.50 till closing 4H above the Resistance level 152.00 as a level target. Then we should wait for breaking this Resistance level to continue the upward move and open the way towards the Resistance level of 152.70. On the other hand, if the pair failed to break the Resistance level 151.50 and bounces from it, it may take a downward trend, which will enable the Support level of 150.50 again, Therefore we suggest waiting for the next closing before making the decision.
Resistance and support levels: R3 (152.70) R2 (152.00) R1(151.50) S1 (150.50) S2 (150.00) S3 (149.35)
