EURUSD on H4 timeframe. This pair is still seen ranging between R1 and R2. Had experienced bearish at the close of last month, then bounced back up after touching R1. located at a price position of 1.09090 after previously having been at a price position of 1.08849 after experiencing the last bearish. Although it had reversed the trend when it touched R1, but if you look at the candlestick chart shows a bearish signal. Similarly, it can also be seen in the MACD indicator which still shows a downward graph. Therefore, go-short may still be an option for traders. But if this pair is able to re-initiate bullish and strengthen towards R2 then go-long is an option.
