EURUSD pair H4: 1 - On the 4-hour chart, the euro is in the central area of the bands, and the bands themselves have started to turn horizontal. From here the move can continue in either direction, and to get a quality signal for a rise or fall in price, it’s worth waiting for an active new touch of the upper or lower band, and then assessing whether the bands will open outward or there will be no reaction. Speaking of the situation with fractals, a new closer upward fractal has formed; its breakout and consolidation above it will allow the price to reach the fractal from July 16 at the level of 1.14758. As for a decline, the price broke the nearest downward fractal but ultimately failed to consolidate below it. In this situation, it’s better to wait for the formation of a new closer downward fractal to rely on it for a move in the direction of falling prices.
2 - The AO indicator is near the zero line and therefore gives us no signals. It will be best to wait for active growth in the positive or negative area, which will allow us to talk about price movement in the direction of that growth.
