Price originally bullish towards 1.1750 but reversal occurs near the 1.1625 price level back towards below 1.1500.
As the monthly closes below the 1.1500 key level thus price potentially bearish mode toward 1.1250 with 2 options
1) break 1.1250 and bearish towards 1.0750
2) reject 1.1250 and bullish back towards 1.1750 and above
As the monthly closes below the 1.1500 key level thus price potentially bearish mode toward 1.1250 with 2 options
1) break 1.1250 and bearish towards 1.0750
2) reject 1.1250 and bullish back towards 1.1750 and above