Essentially, the quotes bounced off the resistance level at 184.10 and then managed to dip slightly below the moving average. This kind of pattern on the chart indicates the possibility of continuing in a southern direction, with the target in this situation being the support at 182.70. Upon reaching this level, prices may of course go even lower, but more likely there will be a pullback. In order to continue the northern perspective for the pair at the moment, it is necessary not only to overcome the resistance at 184.10 but also to move above the 184.65 resistance and firmly establish above this level. And then, we will see where and how things may progress. Wishing everyone well.
