Chart seems to be about to end its boring state. But is the price going up or down?
In this analysis, we have a long-term trend line in daily time, a channel and a resistance zone (1.5660 - 1.5700) in four-hour time, which gives us a strong resistance zone. If the price can pass this zone, we will have an uptrend. If the price treats this zone with a significant downward candle, we will have to wait for the next candle.
In this analysis, we have a long-term trend line in daily time, a channel and a resistance zone (1.5660 - 1.5700) in four-hour time, which gives us a strong resistance zone. If the price can pass this zone, we will have an uptrend. If the price treats this zone with a significant downward candle, we will have to wait for the next candle.
