Pair EURUSD H4: 1 - Euro on the 4-hour chart is trying to break out towards the lower band from the central band area. To receive a high-quality signal for a price drop, it is worth waiting for an active breakout beyond the lower band, and then see if the bands expand outward or if there is no reaction. Analyzing the situation with fractals, the price broke the nearest fractal downwards, but did not manage to consolidate below it immediately. If this can be achieved in the upcoming week, the target for further decline will be the fractal from April 23 at 1.06374. The target for a price increase is the nearest fractal upwards, its breakout and consolidation above it will allow the price to reach the fractal from April 11 at 1.07558.
2 - The AO indicator has started to show weakening in the positive zone. If we see a crossover through zero and active growth in the negative zone in the upcoming week, we will receive a stronger signal for a price drop. Conversely, new active growth in the positive area will signal a rise in the Euro.
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