Ok so this pair in the big picture has been hitting a bit of a slump. But lets take a look at it a little bit closer.
Weekly: there seems to be a around the 1.14100 level that has been hit around 4 times the the last 2 years and actually all around May and June.
Daily: Resistance levels around 1.13373 levels. So that can be a target if support is rejected. I am able to find a bit of a here on the daily:
4hr: So the 4hr seems to be . My was touched this morning but not sure if thats because of the upcoming from U.S. Also here in the 4hr chart there seems to be a previous resistance that became support at the 1.12085 level. at 1.12448 but was broken last week on the NFP announcement. So now it could become support if trend continues .
So here is my analysis:
Option 1 -
So we can brake the at 1.12448 and bounce off the 1.12085.
Option 2 -
Or we can just simply bounce off the 1.12448 support and start looking at 1.13373 as our target.