On the 1 hour chart, we can see that the price broke above another minor downward trendline that was defining the pullback into the trendline around the 4.41 level. The buyers piled in on a breakout to position for a rally into a new cycle high. If we were to get a pullback, we can expect the buyers to lean on the upward minor trendline where they will also find the confluence of the red 21 moving average and the 61.8% Fibonacci retracement level.