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 there is no reaction. Speaking of the fractal situation, the price failed to consolidate below the nearest down fractal; to have something to rely on for a downside move, it’s worth waiting for a new, closer fractal. The target for price growth is the nearest up fractal; its breakout and consolidation above it will allow the price to reach the fractal from July 16 at the level of 1.14758.
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 the price is moving in the direction of that growth.
