The technicals are lining up within the charts to revisit a historical range. In the last week of May, first few weeks of June 2017, the pair traded between these levels for five weeks before breaking up.
Looking for a retest of these range for a few weeks.
A negative break down (around the time of the next Fed rate hike?) will send the pair to around 1.0825
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The pair have moved too far away from the EMAs. It is going to slowly adjust pricing back into the 13 EMA around 1.1240 before it begins to move back into its short momentum and head toward 1.1172
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The EMAs have caught up with the price. Price currently at 1.12458 @ 0626 13 Nov 18 Overnight been in a S/R 1.12568 - 1.12144 Last trade signal given for price projection on the 4H demonstrated that it was looking toward 1.11411 for a level to pause at.
Looking for the 07 (EST) trading hour to begin directional movement begins again in the pair.