Pair EURUSD H4: 1 - On the 4-hour chart, the Euro is currently in the central area of the bands, with the bands starting to curl inwards. The movement from here could continue in either direction, and to get a quality signal for price growth or decline, it is worth waiting for an active touch of one of the bands. Then, assess whether the bands expand outward or if there is no reaction. In terms of fractals, the price broke above the nearest fractal yesterday and managed to reach the target at the level of the fractal from December 11, but failed to hold above it. Currently, a new closer fractal has formed upwards, which now acts as the price growth target. Breaking above and holding above it will allow the price to reach the fractal from October 1 at the level of 1.17780. Additionally, a new closer fractal has formed downwards, which now serves as the price decline target. Breaking below and holding below it will enable the price to reach the fractal from December 15 at the level of 1.17258.
2 - The Awesome Oscillator indicator is attempting to show an increase in the positive zone, but to get a more reliable signal for price growth, it is advisable to wait for a more active acceleration. If in the next 1-2 trading days we observe a significant decrease towards the zero level, it will signal a decline in quotes.
