Analysis of saga’s today’s market:

On the 1-2 hour time frame, the market is significantly dominated by bears. However, after switching to the 4-hour level, a yellow dot appeared, which marked a bullish buying point.

Today, the main focus of the market is on the key point of 1.6412, the long-short boundary at the 4-hour level.

If the price can stand firmly above 1.6412, multiple forces are expected to actively intervene. In this scenario, the upper resistance area requires special attention, mainly including the three key levels of 1.6685, 1.6863 and 1.7037.

Conversely, if the price fails to gain a foothold at this level, bears may take the opportunity to launch a counterattack. At this time, we need to be alert to the support levels below, specifically 1.6212, 1.6082 and 1.5926.

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