The price has been moving in a flat range since the downtrend was broken.
Therefore, the market is likely going to reach a resistance at 1.2677 in the short term.
If bulls be stopped here, there’ll be an opportunity to have a bearish movement towards a support at 1.2476 -1.2330.
There’s a “Flag”, so the price is likely going to continue moving in a range of this pattern. The main intraday target is a support at 1.2493. If we have a pullback from this level, bulls will probably try to achieve the nearest resistance at 1.2621 – 1.2677.
Origin: FX BAZOOKA
