Long term the price will follow the direction of the break out in which case that direction points upwards.
The macro scale of the price action also shows a inside a that price has been consolidating for the last couple of months since that high at 18.67 on September 23rd .
Oscillators a bit noisy on the 4H but the divergence comes through on this time frame connecting the lows at 16.835 and 16.635 and 16.49 we can clearly see a on the and a on the 16.635 and 2649 on the - which also gives Bulls the upper hand for the long term. Switching on the Daily the same divergence comes through pretty clear.
Happy Trading , Volatile markets ahead, keep safe : )