The price is still rising, but there’s a resistance at 1.1122, so we’ve got a local downward correction.
Therefore, the market is likely going to reach a support at 1.1087.
Considering the previously formed “Double Bottom” pattern, there’s an opportunity to have another bullish price movement afterwards.
We’ve got a pullback from the nearest resistance at 1.1122, so a correction has been started. The main intraday target is a support at 1.1087, which could be a departure point for an upward movement in the direction of the next resistance at 1.1151.
Origin: FX BAZOOKA
