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The pair remains bullish and see this flag the pair is forming in 4 hours charts: that’s usually a continuation figure, so follow next candle open: if the pair manages to open above it, 1.4970 or so, the pair could easily continue to the upside and despite the flag theory says the movement could repeat the pole, (of around 240 pips) generally we could see that in fact pairs reach @ the 70% of the proposed number of pips. Anyway the pair must break first the 1.5000 zone, and above it 1.5030 to confirm better and upside continuation, with next resistances at 1.5065 zone and finally 1.5115. Regarding supports, under 1.4960 the pair could move first to 1.4910 zone, followed by 1.4870, the zone @ 1.4830 and finally 1.4795 projection of the flag floor.
