H4: Yesterday, the currency pair continued its downward movement but encountered strong support at the daily supertrend line. From this level, the price rebounded upward. Against this backdrop, today we expect the development of a moderate upward movement with a possible breakout of the price beyond the range (3/8 – 5/8). However, for further development of the upward movement, the price needs to consolidate above this level.

Trading Decision: Buy at 1.0740, TP 1.0820.