๐นPrice actions from 1.0635 are seen as a corrective pattern.
๐ธ On the downside, break of 1.0727 support will raise the chance that the correction is completed.
๐ธIntraday bias will be turned to the downside for retesting 1.0635 low.
๐นOn the upside, above 1.0895 will turn bias to the upside for 1.1019 resistance to extend the pattern. But in that case, upside should be limited by 61.8% retracement of 1.1496 to 1.0635
In the bigger picture ๐ฐ
๐น As long as 1.1496 resistance holds, whole down trend from 1.2555 (2018 high) should still be in progress.
โก๏ธNext target is 1.0339 (2017 low).
๐ธSustained break of 1.1496 will argue that such down trend has completed.
๐นIn this case, outlook will be turned bullish if 1.2555 is retested.