On the daily chart, the pair remained above the 0.7470 support level (near the highs and lows in June-July and the high of early September) and above the uptrend line since early October. However, the pair did not gain a foothold above the psychologically important level of 0.7500 and a puncture of the trend line was formed. Since the pair remains above the important support at 0.7470 and above the trend line, a resumption of growth seems preferable. A decline below 0.7470 would also be overcoming the trend line, which could cause a pullback. However, for now, a resumption of growth seems more likely. If you look from a different point of view, the current consolidation is 0.7470-0.7550. A more significant movement is likely to be towards the exit from it. According to directional movement indicators, the trend remains growth: the excess of DM+ over DM is large, the ADX level is relatively high and it continues to rise, the MACD histogram is in a positive zone (stopping the pair above 0.7470 led to a decrease), the MACD line has a positive slope.
On the four-hour chart, the pair is below the trend line, which creates a danger of overcoming it. Now the trend line can be considered as the nearest resistance. However, the decline did not develop and the pair remains above the lows of October 21-22. Assuming a range of 0.7470-0.7550, it is now more likely to move to the upper limit, as the pair has grown from the lower. As long as the pair remains above 0.7470, growth in the near term remains preferable, although the risk of going down after overcoming the trend line has increased.
Resistance levels: 0.7550; 0.7600
Support levels: 0.7500; 0.7470