The price is hesitating – it is trying to rise after a technical bounce off the lower band of the ascending channel formation, but the bears efficiently prevent the rise. If the price eventually manages to break the tested level to the up, 1.1020, 1.1060 and in long-term 1.1150 – 1.1170 area will be the target. If the resistance occurs to be too strong, 1.0870 and then 1.0800 will be considered for the downside movement.