Timeframe: Hourly (H1) – *Data as of Aug 01, 2025, 14:33 UTC+4*
Source: OANDA via TradingView
1. Key Price Levels
Current Price (C): 1.07357 (+0.09% from previous close).
High/Low (H/L): 1.07386 / 1.07308 (narrow range, indicating consolidation).
Resistance Levels:
R1: 1.07514 (near-term resistance).
R2: 1.08208 (stronger resistance).
Pivot Point (P): 1.07723 (intraday benchmark).
2. Price Action & Trends
Short-Term Trend: Slightly bullish (+0.09% gain), but trading near the day’s low (1.07308).
Volatility: Low (tight range between 1.07308–1.07386).
Support Zone: 1.07200–1.07335 (critical for bearish reversals).
3. Technical Indicators (Implied)
Pivot Points (PVC): Price is below the pivot (1.07723), suggesting bearish pressure unless it breaks above.
Resistance/Support:
Bulls need to push above R1 (1.07514) to target R2 (1.08208).
Bears aim for S1 (1.07335) or lower (1.07200).
4. Trading Signals
Bullish Scenario: Break above 1.07514 (R1) could signal upward momentum toward 1.07723 (Pivot).
Bearish Scenario: Drop below 1.07308 (today’s low) may extend losses to 1.07200.
Neutral Zone: Price oscillating between 1.07308–1.07386 suggests indecision.
5. Risk Management
Stop-Loss (S/L): Below 1.07200 for longs; above 1.07514 for shorts.
Take-Profit (T/P):
Longs: 1.07723 (Pivot) or 1.08000 (psychological level).
Shorts: 1.07200 or 1.07000.
6. Conclusion
Current Bias: Neutral-to-slightly bullish, but lacks strong momentum.
Watch For: Breakout from the 1.07308–1.07514 range for directional clarity.
Caution: Low volatility may lead to false breakouts; confirm with volume/RSI if available.
Recommendation: Wait for a confirmed breakout with volume before entering trades.
Source: OANDA via TradingView
1. Key Price Levels
Current Price (C): 1.07357 (+0.09% from previous close).
High/Low (H/L): 1.07386 / 1.07308 (narrow range, indicating consolidation).
Resistance Levels:
R1: 1.07514 (near-term resistance).
R2: 1.08208 (stronger resistance).
Pivot Point (P): 1.07723 (intraday benchmark).
2. Price Action & Trends
Short-Term Trend: Slightly bullish (+0.09% gain), but trading near the day’s low (1.07308).
Volatility: Low (tight range between 1.07308–1.07386).
Support Zone: 1.07200–1.07335 (critical for bearish reversals).
3. Technical Indicators (Implied)
Pivot Points (PVC): Price is below the pivot (1.07723), suggesting bearish pressure unless it breaks above.
Resistance/Support:
Bulls need to push above R1 (1.07514) to target R2 (1.08208).
Bears aim for S1 (1.07335) or lower (1.07200).
4. Trading Signals
Bullish Scenario: Break above 1.07514 (R1) could signal upward momentum toward 1.07723 (Pivot).
Bearish Scenario: Drop below 1.07308 (today’s low) may extend losses to 1.07200.
Neutral Zone: Price oscillating between 1.07308–1.07386 suggests indecision.
5. Risk Management
Stop-Loss (S/L): Below 1.07200 for longs; above 1.07514 for shorts.
Take-Profit (T/P):
Longs: 1.07723 (Pivot) or 1.08000 (psychological level).
Shorts: 1.07200 or 1.07000.
6. Conclusion
Current Bias: Neutral-to-slightly bullish, but lacks strong momentum.
Watch For: Breakout from the 1.07308–1.07514 range for directional clarity.
Caution: Low volatility may lead to false breakouts; confirm with volume/RSI if available.
Recommendation: Wait for a confirmed breakout with volume before entering trades.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.