The pair traded within a range after a strong upward sequence carried the market to fresh highs, followed by a moderate pullback. The broader H1 structure remains positive, but the pair is now in consolidation mode and may need renewed demand above the pivot to continue higher through the day.
Current price: 0.58879
Pivot: 0.58870
Nearest support levels: S1: 0.58780, S2: 0.58620, S3: 0.58440
Nearest resistance levels: R1: 0.59020, R2: 0.59160, R3: 0.59320
Note:
Above Pivot: If the price holds above 0.58870, bullish momentum may return toward 0.59020 and 0.59160, with 0.59320 as the next upside target.
Below Pivot: If the pair slips below 0.58870, the correction may deepen toward 0.58780 and 0.58620, while 0.58440 remains the next stronger bearish objective.
