Pair EURUSD H4: 1 - On the 4-hour chart, the Euro is attempting to break out towards the upper band to give us a quality signal for a price increase. It is worth waiting for an active touch of the upper band and then evaluating whether the bands will expand outward or if there will be no reaction. In terms of fractals, new closer fractals have formed upwards and downwards, which are now acting as targets for price growth and decline. A breakout and consolidation above the nearest fractal upwards will allow the price to reach the fractal from November 11 at the level of 1.16052. A breakout and consolidation below the nearest fractal downwards will enable the price to move towards the fractal from November 10 at the level of 1.15399.
2 - The Awesome Oscillator indicator is fading in the negative zone, signaling a price decline. If in the next 1-2 trading days we see a crossover through zero and active growth in the negative area, we will receive a stronger signal for a decline in quotes. Conversely, a new acceleration in the positive zone will signal a rise in the Euro.
