The price is moving up and down under the downtrend line. In this case, bears are likely going to reach a support at 1.1181 – 1.1165 in the short term.
If we see a pullback from this area, there’ll be an opportunity to have another upward movement.
The last consolidation was finally ended up by yesterday’s bearish rally. So, the price is likely going to get a support at 1.1181 – 1.1168 during the day. If bears be stopped here, then bulls will probably try to achieve the nearest resistance at 1.1196 – 1.1212.
Origin: FX BAZOOKA
