The following lines are: Blue is 4 hours Support and Resistance Red is daily Support and Resistance At Resistance level 1 = 1.07470, it can be considered as significant level because more sellers are seen in this position it is also broke two times past couple of days. Support Level broke at 1.7214 Stop Loss 1.07210 Buy at 1.07323 Buy observing the support and resistance one should take long position. But decision should be made when new high breaks R1 or resistance level 1.