The bull is its way
# 1.36700 has been working as a level of resistance.
# 1.36000 may hold the price as a level of support.
# A bullish trend line is in play.
The pair has been very bullish in the H4 chart. It seems to have found its resistance around 1.36700. Upon having a rejection, it produced two consecutive bearish candles. The level of 1.36400 produced a bullish spinning top. The buyers may keep their eyes in the pair to go long above 1.36700. However, if the chart does not make a bullish breakout at the resistance, it may continue its bearish correction and find its support around 1.360000. A bullish reversal pattern at that level may attract more buyers to go long and push the price towards the North. The pair may find its next resistance around 1.38000.
On the other hand, if the price breaches the level of 1.36000, the pair may get choppy.
# 1.36000 may hold the price as a level of support.
# A bullish trend line is in play.
The pair has been very bullish in the H4 chart. It seems to have found its resistance around 1.36700. Upon having a rejection, it produced two consecutive bearish candles. The level of 1.36400 produced a bullish spinning top. The buyers may keep their eyes in the pair to go long above 1.36700. However, if the chart does not make a bullish breakout at the resistance, it may continue its bearish correction and find its support around 1.360000. A bullish reversal pattern at that level may attract more buyers to go long and push the price towards the North. The pair may find its next resistance around 1.38000.
On the other hand, if the price breaches the level of 1.36000, the pair may get choppy.
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