The daily chart
signals. Based on the 4H time frame we can see that the price reached the downtrend line. In spite of RSI
confirms the price reversal, MACD
histogram and DMI support a further upward movement. We should be ready to see a breakout above the downtrend line. It will give us a new buy opportunity. Entry level is 1.40850 with stop orders at 1.38500 level. Profit targets are 1.43000 and 1.45000 levels. Alternative variant: if the price bounces from the downtrend line and drops below the uptrend line, it will be possible to open short trades with profit targets 1.38000 and 1.36000 support levels.