Deeply oversold stochastic signals adjustment after last week’s strong fall, but overall structure remains negative. Strengthening bearish momentum and double close below pivotal Fibo support at 1.1240 (76.4% of 1.1176/1.1448) add to negative outlook. Solid offers at 1.1280/1.1300 zone (broken Fibo 61.8%/converging 10/20SMA) should limit upticks ahead of final push towards targets at 1.1186/76 (Fibo 61.8% of 2017/2018 1.0340/1.2553 ascend/ 2019 low).
Res: 1.1250, 1.1280, 1.1296, 1.1312
Sup: 1.1219, 1.1210, 1.1186, 1.1176
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