The price is still consolidating under a resistance at 1.0795, so we’ve got a “Pennant” here. In this case, the pair is likely going to continued trading in a range of this pattern.
Meanwhile, bears will probably try to reach the nearest support at 1.0745 – 1.0719, which could be a departure point for another upward price movement.
There’s a possible “Triangle” pattern, so the market is likely going to achieve a support at 1.0745 – 1.0728 shortly. If a pullback from this area happens, there’ll be an opportunity to have an upward movement towards a resistance at 1.0795 – 1.0815.
