As you can see from the H4 chart, the price is approaching the support zone between 1,0721 and 1,0712. The last candle is a bearish one, but has a long downside shadow. Maybe the price will find a strong support here and will start another bullish momentum, then the price will make another attempt to break the resistance from 1,1036.

We have a second scenario, if the price will break the support area and also the ML of the descending pitchfork then the price will decrease further. We have a major support between 1,0482 and 1,0461.


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