Overview
From the today's H4 chart and as it was expected last week, we should wait for breaking the Resistance area 150.70-151.30 before making the decision to continue the bullish move. Today and as shown from the H4 chart, the pair failed to break this Resistance area and bounced from it to stabilize below the Resistance level 151.30 since yesterday and reversed its bullish move taking a slightly bearish move near to the Support level 150.70. Currently it is testing the Support level 150.70 trying to break it through to continue its bearish move. If the pair manages to break this Support level and closes 4H below, it would be another good opportunity for more sell signals till reaching the Support level 150.00 as the first target.
Resistance and support levels: R3 (151.80) R2 (151.30) R1 (150.70), S1 (150.00), S2 (149.40) S3(148.50)
