On the daily chart, the pair recovered after a pullback from 0.7200, but this level was not overcome. The pair remains between the "round" levels of 0.7100 and 0.7200. If we consider the puncture of the 0.7200 level as a false breakdown, then within the movement in the range, a decrease to the lower limit by 0.7100 is more likely. In a broader perspective, growth seems preferable, since the direction has changed after overcoming the trend line. The relative highs and lows of the pair are now rising. According to directional movement indicators, the trend is changing: there is no longer an excess of DM- over DM+, the MACD histogram is growing in a positive zone, the MACD line has a positive slope.
On the four-hour chart, the pair returned below the "round" level of 0.7200, which looks like a false breakdown of the upper limit of the 0.7100-0.7200 range. If we assume movement in the range, the goal seems to be a decrease to the lower limit. According to the indicators of directional movement of the flat: DM+ and DM- are close, the MACD histogram fluctuates near the zero level, the MACD line also changes direction. In the conditions of a range without a significant catalyst (which even the Fed meeting did not become), it is not expected to exit.
Resistance levels: 0.7200; 0.7265
Support levels: 0.7100; 0.7000