Possible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; Loss of bearish strength indicated by the ADX bouncing towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you might look for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones. In addition to narrowing the EMAS, which generates a compression zone, which from my point of view is one of accumulation to generate a change in trend. #OPINIONLEADER#
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