Pair EURUSD H4: 1 - On the 4-hour chart, the Euro has started to pull back towards the central area of the bands, and the bands themselves are curling inward. The movement from here can continue in any direction, and to get a quality signal for price growth or decline, it is worth waiting for an active touch of one of the bands, and then assessing whether the bands will expand outward or not. Speaking of fractal situations, new closer fractals have formed upwards and downwards. A breakout and consolidation above the nearest fractal upwards will allow the price to reach the fractal from November 19 at the level of 1.15966. A breakout and consolidation below the nearest fractal downwards will give the price the opportunity to reach the fractal from November 5 at the level of 1.14679.
2 - The Awesome Oscillator indicator is fading in the negative zone, signaling a price increase. If in the next 1-2 trading days we see a crossover through zero and active growth in the positive area, we will get a stronger signal for price increase. A new acceleration in the negative zone will signal a decline in the Euro.
