A short- term sideway movement was demonstrated within the highlighted zone around 1.1600 before quick bearish decline could occur towards 1.1200.
On the other hand, the price zone around 1.1500 - 1.1600 remained a reference zone that applied significant bearish pressure upon two successive bullish visits before another bearish continuation sign was expressed.
Hence, downside movement proceeded towards 1.1000 then 1.0920 where short-term bullish pullback was initiated.
The price levels around 1.1150 hindered further bullish movement before another bearish move was aggressively expressed towards 1.0500.
Failure to persist below the newly-recorded LOW at 1.0350 enabled another bullish pullback towards 1.0800 where bearish trades can be offered.
