Overview
From the today's H4 chart, yesterday's closing below the Support level 150.60 gave the price an opportunity for a bearish move again, but the pair is immediately bouncing from the lower limit of its bullish channel. As shown here, currently the price is trying to continue its bearish move by breaking the Support level 149.65 and closing 4H below. In that case we may get another opportunity for more sell signals and it opens the way towards 149.00, as first target, and then the price should test the Support level 148.85 to continue its bearish move. But as long as the price stabilizes above the Support level 149.65 it cancels the first scenario.
Resistance and support levels: R3 (151.90) R2 (151.50) R1 (151.15), S1 (150.60), S2 (149.65), S3 (148.85).
