On the four hour frame, an attempt to breach the 1.11430 resistance line and bounce back from it for a negative daily closing and test the 0.382 Fibonacci support line at 1.10800, which is the moving average exponential 100 on the daily.
On daily basis the price is above exponential average 21,50,100
The presence of a bullish crossover from the EMA 21 to 50 heading towards the EMA of 100, we wait for daily and weekly closings to confirm an uptrend on the weekly and monthly time frames together The probability of a negative weekly closing and test the EMA 100 on the daily frame at 1.10800 is a possibility.
On daily basis the price is above exponential average 21,50,100
The presence of a bullish crossover from the EMA 21 to 50 heading towards the EMA of 100, we wait for daily and weekly closings to confirm an uptrend on the weekly and monthly time frames together The probability of a negative weekly closing and test the EMA 100 on the daily frame at 1.10800 is a possibility.