The resistance area around 1.85 seems to hold its ground for now with bearish momentum slowly gaining pace. If a bearish move continues unabated (4H chart used for confirmation) I anticipate a move down towards 1.18, an area of a strong Supply/Demand based on a weekly chart, with possible continuation of a down trend towards 1.0 area, which also coincides with an area of a Strong support.
Note
The market broke down from a triangle formation on the H4 and now heading down for TP1.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.