We are bullish that the price will increase from the buy entry at 1.21840 on the H4 due to the price being inside an ascending channel and above the ichimoku indicator.
RSI is moving along an ascending trend line.
The inverse head and shoulders pattern is detected in the 4 hour chart which is thought to predict a bearish-to-bullish trend reversal and signals that a downward trend is nearing its end.

• There is resistance 1.22232 followed by resistance at 1.22575 and 1.23431.
• There is support at 1.21889, Below, there is 1.21603 and 1.21203.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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