As you see in the 4H chart, price is at the upper side of the descending channel and currently is below the yesterday’s candle’s close.
On the other hand, MACD shows a positive hidden divergence:
Although price is making a higher low, MACD is making a lower low which means there would be a high probability of growth in price in the next week.
I expect a downside move to the lower side of the channel around 91.400 - 91.300 which is a very strong support level and the last month’s high either, then a push to the up and maybe an upside breakout on the channel’s upper band and a rise to 92.300 which is the last week’s high.
On the other hand, MACD shows a positive hidden divergence:
Although price is making a higher low, MACD is making a lower low which means there would be a high probability of growth in price in the next week.
I expect a downside move to the lower side of the channel around 91.400 - 91.300 which is a very strong support level and the last month’s high either, then a push to the up and maybe an upside breakout on the channel’s upper band and a rise to 92.300 which is the last week’s high.
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