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 is 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 about the fractal situation, a new, closer upward fractal has formed, which now acts as the target for price growth. Its breakout and consolidation above it will allow the price to reach the fractal from August 7 at the level of 1.15803. The nearest downward fractal acts as the target for a price decline; its breakout and consolidation below it will allow the price to reach the fractal from August 3 at the level of 1.14991.
2 - The AO indicator has approached the zero mark; if in the next 1–2 trading days we see a crossover through zero and active growth in the negative area, we will get a stronger signal for a price decline. A new acceleration in the positive zone will give a signal for a rise in quotes.
