Overview
From the today's H4 chart and as it was expected yesterday, we should wait for breaking the Resistance level of 158.00 before making a decision to continue the bullish move. Today and as it is shown in the H4 chart, the pair failed to break this Resistance level to reverse its bullish move. Currently it is stabilizing below the Resistance level 158.00 and above the Support level 156.70 to continue its bearish move. If the pair manages to break this Support area and closes below the Support level next week, it would be another good opportunity for more sell-signals till reaching the Support level of 156.00 as a first target.
Resistance and support levels: R3 (159.50) R2 (158.70) R1 (158.00), S1 (156.70), S2 (156.00), S3 (155.20).
