The last “Flag” pattern has been broken, but the price is consolidating.
The main intraday target is the next support area at 1.1560 – 1.1533.
If a pullback from these levels happens, there’ll be an opportunity to have an upward price movement towards the closest resistance at 1.1615 – 1.1634.
The price is consolidating between the levels 1.1615 – 1.1601. Also, there’s a local “Flag” pattern, so we should keep an eye on the nearest resistance at 1.1634 as an intraday target. If a pullback from this level arrives little later on, bears will probably try to reach another support at 1.1573 – 1.1560.
