The price faced a support at 1.0520, but bears are likely going to test the next support at 1.0493 in the short term.
If a pullback from this level happens, there’ll be an opportunity to have a bullish correction towards a resistance at 1.0578 – 1.0588.
Bears found a support at 1.0520, so the price is consolidating. Meanwhile, we should keep an eye on the next support at 1.0510 – 1.0493 as a possible intraday target. Considering a pullback from this area, there’s an opportunity to have an upward correction later on.
Origin: FX BAZOOKA
