On the 1-hour chart, the pair testing the support level 1.1055 the lower line Bollinger Band. The Bulls&Bears and MACD indicators suggest a potential downward movement. MA(100) is far above the price indicating the pressure on the pair.
🔼If the price rebounds from the support 1.1055, a rise towards resistance 1.1087 and further is possible.
🔽Alternatively, the break down the support 1.1055 and slide to 1.1030 is likely.
🔷 😎 Choose "👍" if you expect a price rebouns and "👎" if you expect a decline.
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