Will the EUR/USD bounce to the upside from its 4 hour 200 period EMA?

The Euro is very indecisive versus the Dollar. It first tries to head higher, but then it comes right back down to where it was.  Now it is visiting its 200 period Exponential Moving Average on the 4 hour chart, as shown below and it is trying to bounce from here to the upside. A little bit below that moving average, we have the 1.3800 level which is a round number and psychological level from where the price may also find some support and jump to the upside.

Therefore, we should be very attentive to the next moves on the EUR/USD, because we may get some very good opportunities to enter in this pair. For instance, at the moment we may get a bounce to the upside, but if we do get a breakout of the 1.3800 to the downside, then we can wait for the pullback to this same level for a possible short entry. That probable breakout to the downside can take the price all the way down to the 1.3700 level.