This analysis's foundation lies in the range of market structures formed from 2020 to date. Price has been obeying this range for nearly 3 years and to date price is at the bottom of the structure. It depends on how price is going to react around this area but chances are there might be bullish scenarios to be observed in the coming months!
If this structure holds and the price fails to break below the 1.1 price zone then the 1.3 price zone is the next target!