EURUSD pair H4: 1 - On the 4-hour chart, the euro is pulling back into the central area of the bands after an attempt to move along the lower band. To get a solid signal for a price decline, it’s worth waiting for a new active touch of the lower band and then assessing whether the bands open outward or there is no reaction. Speaking about the situation with fractals, new closer fractals up and down have formed, which now act as targets for price growth and decline. A breakout and consolidation below the nearest downward fractal will give the price an opportunity to reach the fractal from July 1 at the level of 1.13608. A breakout and consolidation above the nearest upward fractal will allow the price to reach the fractal from July 10 at the level of 1.14600.
2 - The AO indicator is increasing in the negative area; if in the next 1–2 trading days we see a more active acceleration, we will get a stronger signal for a decline in quotes. To get a solid signal for a price rise, it’s worth waiting for active fading toward the zero line.
