The pair traded within a range after a sharp gap-style downside correction from the recent highs. The broader H1 trend is still upward, but the start of the week shows profit-taking and a transition into a deeper corrective phase inside the larger bullish structure.
Current price: 1.17559
Pivot: 1.17680
Nearest support levels: S1: 1.17350, S2: 1.17080, S3: 1.16780
Nearest resistance levels: R1: 1.17880, R2: 1.18120, R3: 1.18400
Note:
Above Pivot: If the price regains 1.17680 and holds above it, recovery may extend toward 1.17880 and 1.18120, with 1.18400 as the next broad upside target for the day.
Below Pivot: If the pair remains below 1.17680, corrective pressure may continue toward 1.17350 and 1.17080, with 1.16780 as the next deeper downside objective.
