
The pair traded within a range after extending the broader bullish wave, consolidating just below fresh local highs. The structure remains clearly bullish on H1, and the current pause looks more like consolidation after an impulse than a confirmed reversal.
Current price: 1.17874
Pivot: 1.17720
Nearest support levels: S1: 1.17580, S2: 1.17380, S3: 1.17120
Nearest resistance levels: R1: 1.18020, R2: 1.18240, R3: 1.18480
Note:
Above Pivot: If the price holds above 1.17720, bullish momentum may extend toward 1.18020 and 1.18240, with 1.18480 as the next full-day upside target.
Below Pivot: If the pair drops back below 1.17720, a deeper correction may develop toward 1.17580 and 1.17380, with 1.17120 as the next downside objective.
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