The pair traded within a range after the sharp corrective drop from last week’s highs, with price now trying to stabilize inside a recovery zone. The broader H1 structure is still constructive, but for the daily horizon the market remains in correction mode until buyers regain the upper part of the recent range.
Current price: 1.17747
Pivot: 1.17780
Nearest support levels: S1: 1.17620, S2: 1.17420, S3: 1.17180
Nearest resistance levels: R1: 1.17940, R2: 1.18120, R3: 1.18380
Note:
Above Pivot: If the price returns above 1.17780 and holds there, recovery may extend toward 1.17940 and 1.18120, with 1.18380 as the next broad upside target for the day.
Below Pivot: If the pair remains below 1.17780, corrective pressure may continue toward 1.17620 and 1.17420, with 1.17180 as the next deeper downside objective.
