Price: 1.0698 | EMA7: 1.05 | EMA25: 1.04 | RSI14: 63.43 | Resistance: 1.2115 | Support: 0.9926 | Average Volume: 215145.17 | Volume Trend: Decreasing
Based on the 1-hour chart, here's my analysis:
**Short-term bias:** Bullish
**Recommendations:**
1. **Long entry:** 1.0750 (above the current price, with a stop-loss at 1.0550)
2. **Short entry:** 1.0400 (below EMA25, with a stop-loss at 1.0600)
3. **Spot buy:** 1.0650 (with a stop-loss at 1.0500)
**Reasoning:**
* The EMA7 is above the EMA25, indicating a short-term bullish trend.
* The RSI14 is not overbought, leaving room for further upside.
* The MACD is positive, supporting the bullish bias.
* The resistance at 1.2115 is far, and the price is currently trading above the support at 0.9926.
Monitor the volume trend, as it's decreasing, which might affect the price action. Adjust your position sizing and risk management accordingly.