On the daily chart, the pair has again overcome the upper limit of the range 127.50-128.70, and has now reached resistance at the previous relative maximum. The exit from the range upwards and the formation of a small double bottom at 127.50 are bullish signals, and the continuation of growth seems more likely. According to the directional movement indicators, growth is becoming a trend: DM+ is already slightly higher than DM-, the MACD histogram is growing in a positive zone, the MACD line has a positive slope.
On the four-hour chart, the pair stopped below the next resistance level of 129.55, near the highs of late November and the previous high of December. The absence of a pullback from this level after a relatively large wave of growth (200 points from 129.45) can be considered as a bullish signal, since even a corrective pullback does not find sufficient support. According to the directional movement indicators, the trend has become growth: DM+ is significantly higher than DM-, the MACD histogram is in a positive zone, the MACD line has a positive slope.
Resistance level: 129.55; 130.30
Support levels: 128.75; 128.00