EURUSD: Approaching the 1D Resistance. Potential rejection.

After successfully making a new Higher Low on the 1D chart, the bullish formation is aiming yet again at the 1.1500 Resistance on mostly neutral grounds (RSI = 54.849, STOCH = 49.689, Highs/Lows = 0.0000). This indicates that the Channel is getting increasingly unstable and seeks a short term consolidation within the 1.1300 Support and 1.15000 Resistance before it issues its next aggressive (most likely downwards) move. According to the decreasing rate on the Higher Highs (blue dash line) and the Higher Lows, the potential rejection at 1.1500 should result into a new Higher Low at 1.13400, which is currently our TP.





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