Pair EURUSD H4: 1 - On the 4-hour chart, the Euro is attempting to break out towards the upper band. To receive a reliable signal for a price increase, it is advisable to wait for an active touch of the upper band first, and then assess whether the bands will expand outward or if there will be no reaction. Speaking of fractals, the price is approaching the nearest fractal upwards. If it manages to break through and hold above it, then further price growth can be expected towards the fractal from November 13 at the level of 1.16554. The nearest fractal downwards is quite far from the current quote value, so to have a more immediate reference for a potential price decline, it is worth waiting for the formation of a new, closer fractal.
2 - The Awesome Oscillator is trying to build momentum in the positive zone, but to receive a more reliable signal for a price increase, it is recommended to wait for a more active acceleration. If in the next 1-2 trading days we see a crossover through zero and active acceleration in the negative zone, then we will have a stronger signal for the Euro to decline.
