Looking at the 4H chart, there is a small descending channel.
Price is currently testing a key area of demand whilst also coming close to a bigger ascending trendline.
If price is rejected from the support area and manages to break the descending channel then the pair is looking very bullish.
Price is currently testing a key area of demand whilst also coming close to a bigger ascending trendline.
If price is rejected from the support area and manages to break the descending channel then the pair is looking very bullish.