Overview
From the today's H4 chart and as it was expected yesterday, the pair might take a new bullish signals in case of closing 4H above the Resistance area of 155.00-155.50 after it was tested yesterday. Today the pair took an upward movement and managed to break the strong resistance area to continue its bullish trend. Currently, the price is testing the resistance level 156.00 trying to break it through to continue the bullish movement. More bullish signals are still expected in case of closing above this Resistance level with first target few pips below the resistance level of 156.70. Hence, we should wait for more confirmations before making the decision.
Resistance and support levels: R3 (157.00), R2 (156.70), R1(156.00), S1 (155.50), S2 (155.00), S3 (154.50).
