Overview
From the today's H4 chart and as it was expected yesterday, the pair might take a new bullish signals to continue its upward trend in case of closing 4H above the Resistance level of 171.50 after it was tested yesterday. Today the pair has managed to break it through and currently the price is testing the resistance level of 172.00 as shown. More bullish signals are still expected in case of closing above this resistance level with first target few pips below the resistance level of 172.75, hence we should wait for more confirmations before making the decision.
Resistance and support levels: R3 (173.00), R2 (172.75), R1 (172.00), S1 (171.50), S2 (171.00), S3(170.00)