There’s a consolidation, which is taking place under the nearest resistance at 1.1032. So, the market is likely going to decline towards a support at 1.0911.
If a pullback from this level happens, there’ll be an opportunity to have an upward movement in the direction of the next resistance at 1.0978 – 1.1001.
We’ve got a “Flag”, so the pair is likely going to get a support at 1.0951 – 1.0911 during the day. If any bullish pattern arrives afterwards, there’ll be an opportunity to have a price movement towards the closest resistance at 1.0960 – 1.0978.
Origin: FX BAZOOKA
