There’s a “Double Top” pattern, which has been confirmed, so the price is declining.
The main intraday target is the nearest support at 1.1011.
If a pullback from this level happens, there’ll be an opportunity to have an upward correction in the direction of a resistance at 1.1045 – 1.1069.
The price is consolidating under the lower side of the nearest support area at 1.1032. So, bears are likely going to reach the nearest support at 1.1011 during the day. Considering a possible pullback from this level, bulls will probably try to reach a resistance at 1.1045 – 1.1069 afterwards.
Origin: FX BAZOOKA
