Channel on the 4 hour chart is tested. Higher levels could be seen.
Check out the pintail. Lower high and we will see a lower low.
We can see a reaction to the downside from here unless the bulls have more fuel to break above this barrier.
A push back towards pivot can be expected for a short term move.
After breaking up from the descending triangle, we see this pair testing resistance at 1.55.
As long as this pair is below 1.10, this pair is bearish.
Indecision in this market. Sideways movement expected.
As long as we are in this box, expect more sideways movement.
Continued down moves can reach S2 pivot and support at 1.08115.
Momentum to the downside with the bearish reaction seen at pivot point.
Price below 15ema and MACD crossover showing bearish domination. First downside target at 0.70.
See how you can break down the chart into zones and trade those zones.