Price is now in a narrow triangle, not giving a direction.
It found support at 1.085-1.086 which is the lower support line of the triangle; it has the potential to move upward to 1.096-1.097
HOWEVER, with the bearish momentum of MACD strengthening and MACD about to travel below base line, indicator shows buy side is NOT strong.
If price breaks1.083 - 1.085, then 1.0775 is targeted.
It found support at 1.085-1.086 which is the lower support line of the triangle; it has the potential to move upward to 1.096-1.097
HOWEVER, with the bearish momentum of MACD strengthening and MACD about to travel below base line, indicator shows buy side is NOT strong.
If price breaks1.083 - 1.085, then 1.0775 is targeted.