If following the H4 channel, price may pullback to 0.971 before rebound.
According to Elliott wave counting, we are at one of the turning point if we wan to know if this is wave 4 or wave 1. However, always be open to whatever possibility. If the price push above the yesterday high of 0.9777, then there are a big possibility that the price will go to the next resistance of 0.990 to 0.995. So trade cautiously and set stoploss.
By The Backyard Burner
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