The price is consolidating between the levels 1.0774 – 1.0713. Also, there’s a bullish “Flag”, so the market is likely going to test the nearest resistance at 1.0797 – 1.0811.
If a pullback from this area happens, there’ll be an opportunity to have another decline towards a support at 1.0754 – 1.0732.
We’ve got a consolidation, which is taking place on the one-hour chart. The main intraday target is the closest resistance at 1.0797 – 1.0811. However, if we see a pullback from these levels, bears will probably try to reach a support at 1.0754 – 1.0732.
Origin: FX BAZOOKA
