A growth can continue.
On the 4-hour chart, the price is trying to consolidate above the level of 0.7150 (50.0% correction). In case of success, a growth to 0.7205 (50.0% correction) and 0.7240 is possible. Otherwise, the price may decline during a correction along the 50.0% arc towards 0.7095 (38.2% correction) and 0.7025 (23.6% correction). On the daily chart, the price is heading towards 0.7195. Correction levels for the short-term and medium-term trends (61.8% and 23.6%) have concentrated in the area of 0.7195-0.7205 and made the level of 0.7195 a really strong resistance.
Trading tips
Buy the pair from the level of 0.7170 with targets at 0.7205, 0.7240 and stop-loss at 0.7140.
Alternative scenario
Sell the pair below the level of 0.7150 with the target at 0.7095 and stop-loss at 0.7170.
