Overview
Proceeding from the today's H4 chart, the pair is still trading between the Support level of 173.75 and the Resistance level of 173.00 and currently the pair fails again to break the Resistance level. If the pair breaks it to take an upward movement, it might continue its bullish trend and we will get a good opportunity to buy again above the Resistance level of 173.75 till closing 4H above the Resistance level of 174.40 as a target level. Then we should wait for breaking this Resistance level to continue the upward move and open the way towards the Resistance level of 175.00. On the other hand, if the pair fails to break the Resistance level of 173.75 and bounces from it, it may take a downward trend, which will enable the Support level of 173.00 again, Therefore we suggest waiting for the next closing before making a decision.
Resistance and Support levels: R3 (175.00) R2(174.40) R1(173.75), S1 (173.00) S2 (172.00) S3(171.50).