The price failed to break through a series of support levels to the downside and is moving towards the resistance level H1 Res C: 1.3337, breaking above the MN1 resistance level C: 1.1327. If the price consolidates above this level - 1.1327, then most likely the next target could be the level 1.3337. However, if it fails to consolidate above the MN1 resistance level C: 1.1327, then a possible continuation of the decline towards the MA84 level, which is slightly above the H1 support level: 1.12951, may occur. From the MA84, the price may move upwards, possibly towards the W1 resistance level C: 1.13928 or the resistance level R4: 1.1369.
