The price action is testing the upper range of the declining channel pattern (which is also the 50% Fibonacci retracement level).
A bullish trend is applicable above 1.1125.
Crossing below this level will negate the bullish stance. Remains a risky trade.
Profit target around 1.1765.
A bullish trend is applicable above 1.1125.
Crossing below this level will negate the bullish stance. Remains a risky trade.
Profit target around 1.1765.