The market has faced a resistance at 1.1337, which led to the current correction. It’s likely that the downward movement is going to reach a support area between the levels 1.1305 – 1.1273. If bears be stopped somewhere in here, then bulls might try to achieve a resistance area at 1.1376 – 1.1409.
The price has been consolidating since we’ve got a resistance at 1.1337. There’s a possible “Flag” in progress, so the price is likely going to reach the lower side of this pattern. If we see a pullback from it, then bulls might come back to the market.