$THE Indicators:
• SAR (Stop and Reverse): The SAR dots below the candles indicate an uptrend is still intact.
• MACD: Positive divergence, but the histogram shows a slight weakening, which could signal a slowdown in momentum soon.
• Volume: The volume has been decreasing slightly after the recent peak, signaling caution for further upward moves.
Next Move Prediction
• Bullish Scenario: If the price breaks above 1.8200, it could test higher resistance levels, potentially around 1.90–2.00.
• Bearish Scenario: If the price drops below 1.69, it could trigger a deeper pullback toward 1.60 or lower.
Should You Buy?
• If you’re looking for short-term gains: Wait for a breakout above 1.8200 with high volume.
• If you’re cautious: Consider buying after a pullback near 1.70–1.72, as it may provide a better entry point.