Today, the pair is trading with little activity, and currently, the quotes are still hovering around the support level of 1.1843. The moving average is slightly above the quotes, acting as resistance that maintains the bearish sentiment of the pair. This indicates that there is still a possibility of breaking below this support level and continuing south. A solidification below this level is a factor that would confirm the continuation of the bearish trend. It's important to remember that a bounce off the support is a normal occurrence that could send the quotes northward. Wishing everyone success.
