Pair EURUSD H4: 1 - On the 4-hour chart, the Euro pulled back to the central area of the bands after an active movement along the upper band. To receive a quality signal for price growth, it is worth waiting for an active touch of the upper band, and then assess whether the bands will expand outward or if there will be no reaction. Speaking of fractals, a new closer fractal downwards has formed, now acting as the target for price decline. Breaking through and consolidating below it will allow the price to move towards the fractal from November 11 at the level of 1.16810. The nearest fractal upwards serves as the target for price increase. Breaking through and consolidating above it will enable the price to reach the fractal from October 1 at the level of 1.17780.
2 - The Awesome Oscillator indicator is fading in the positive zone, signaling a price decline. If we see a more active fading towards the zero mark on Monday, it will provide a stronger signal for the continuation of the downward movement. Conversely, a new acceleration in the positive zone will signal a price increase.
