Overview
As it was expected, we should wait for the break of the Resistance level of 174.75 before making the decision to continue the bullish move. Today and as shown in the H4 chart, the pair failed more than once to break this Resistance level to reverse its bullish move taking a bearish move to trade below the Resistance level of 174.75 and above the Support level of 174.00. Currently, it's supposed to approach the Support level of 174.00 and is likely to try 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 of 173.50 as a first target.
