H4: On the four-hour chart, the pair has completed the formation of a local base and entered an active recovery phase. The price has successfully established itself above the psychological level of 1.1700, opening the way to testing the upper boundaries of the current trading range. The (4/8) level now acts as dynamic support, confirming a shift in short-term priorities in favor of buyers.

Trading activity has stabilized in the upper part of the channel. As long as quotes hold above 1.1710, the primary scenario remains an upward impulse targeting the 1.1840 area. A breakout below support at 1.1690 would signal a need to revise current positions.

Trading decision: BUY 1.1735, SL 1.1695, TP 1.1840.