Hello traders After yesterday's southern signal, for some reason, America showed a northern signal in the evening. I don't know how Europe will react to this, but for now, we have a weak northern signal. In general, I assume that this bounce is due to support from the H4 level at 1.3820. Now we need to see how high the northern signal can push the price. In terms of levels, to confirm the northward movement, we need to break above the level of 1.3839, but I do not expect it to go above 1.3850 today as the system indicates restrictions on the H1 level. To continue upwards, we need to update the lower level at 1.3812. At this point, a deeper south move to 1.3740 may open up. Overall, this is all because there is support from the daily period. Moreover, the range between 1.3820 and 1.3740 is a buying zone because it is a support zone.
