The pair continues to move horizontally between 1,1509 and 1.1850, where expectations remain neutral for today, but the pair's recovery remains undecided.
But this potential recovery will hit the strong resistance level at 1,1850.
The medium term trend remains below the 1.12555 level.
In the case of a clear breach of the level of 1,1509, the price will push the trend towards 50% Fibonacci correction from 1.0350 to 1.2555, towards the level of 1,1450 and then 1,1190 see the image below.
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