EURUSD pair H4: 1 - On the 4-hour chart, the euro is in the central area of the bands, and the bands themselves have turned horizontal. From here, the move can continue in either direction, and to get a quality signal for a rise or fall in price, it’s worth waiting for an active touch of the upper or lower band and then assessing whether the bands open outward or show no reaction. Speaking of the fractal situation, the nearest up and down fractals serve as targets for price growth and decline. A breakout and consolidation above the nearest upward fractal will allow the price to reach the fractal from June 23 at the 1.14384 level. A breakout and consolidation below the nearest downward fractal will give the price the opportunity to reach the fractal from June 25 at the 1.13325 level.
2 - The AO indicator is near the zero line and therefore gives us no signals. It’s best to wait for active growth in the positive or negative area, which will indicate that price is moving in the direction of that growth.
