The price is moving up and down between the downtrend line and the support area’s upper side. Therefore, the market is likely going to reach a support at 1.1196 – 1.1181 in the short term.
If a pullback from these levels happens, there’ll be an opportunity to have a local upward movement in the direction of a resistance at 1.1256.
There’s a “Double Top” pattern, which has been confirmed. So, the price is likely going to decline towards a support at 1.1190 – 1.1181. However, if a pullback from this area happens, bulls will probably try to achieve a resistance at 1.1241 – 1.1250.
Origin: FX BAZOOKA
