After a small retracement the price should be be cross the channel to the upward side because there is a lot of support confluince points below I think the price will be reject from 1.3995 and don't get into trade before the confirmation see macd divergence also there
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if break the support go lower
If break the support then it can go lower for deep retracement.but I don't think that it can broke the support but let see looking for confirmation signal above or below
H4 and h1