🔸 4H CHART EXPLANATION:
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🔸 We have two potential scenarios to consider on this pair.
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🔸 The bullish one, in case price breaks the Resistance Zone, this could lead to a bullish move towards the next zone at 1.31500.
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🔸 And the bearish, in case price breaks the Ascending Trendline to the downside, this could lead to a bearish move towards the Support Zone at 1.2200.
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🔸 Will look for a lower timeframe setup when the direction is clear.
🔸DAILY CHART ANALYSIS:
.
🔸 We have two potential scenarios to consider on this pair.
.
🔸 The bullish one, in case price breaks the Resistance Zone, this could lead to a bullish move towards the next zone at 1.31500.
.
🔸 And the bearish, in case price breaks the Ascending Trendline to the downside, this could lead to a bearish move towards the Support Zone at 1.2200.
.
🔸 Will look for a lower timeframe setup when the direction is clear.
🔸DAILY CHART ANALYSIS: