The pair traded within a range after the latest bullish wave paused below the weekly highs. On the H1 structure, the broader trend still points upward, while the current move looks like a corrective consolidation inside an established uptrend rather than a confirmed reversal.
Current price: 1.17822
Pivot: 1.17760
Nearest support levels: S1: 1.17660, S2: 1.17480, S3: 1.17280
Nearest resistance levels: R1: 1.17995, R2: 1.18130, R3: 1.18260
Note:
Above Pivot: If the price holds above 1.17760, buyers may try to restore upside momentum toward 1.17995 and 1.18130, with 1.18260 as the next broad target for the day.
Below Pivot: If the pair slips below 1.17760, the correction may deepen toward 1.17660 and 1.17480, while 1.17280 remains the next stronger downside objective.
