We’ve got a “Double Bottom”, which has been confirmed, so the price is consolidating.
Considering the main downtrend, the market is likely going to test a support at 1.0419.
If a pullback from this level happens, there’ll be an opportunity to have a bullish price movement towards a resistance at 1.0506.
There’s a “Thorn”, so bears are likely going to achieve a support at 1.0419. However, if we have a pullback from this level, bulls will probably try to reach the nearest resistance at 1.0478 – 1.0506.
Origin: FX BAZOOKA
