Trading remains limited between the resistance 1.1405 (the first target of the ascending scenario) and the support 1.1350 … to keep the possible bullish scenario as long as the trading support is higher 1.1325 and the pair could return again to counter the resistance 1.1405, which may push the price to the second target at 1.1460 and resistance 1.1510 As a third goal.
A break above the 100 SMA with a four hour closing below 1.1325 might be enough to end the bullish scenario and then the price could then head to test the support at 1.1290 as the first target and then support 1.1250 as the second target.
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