With the 1.176 area now a confirmed area of resistance and this level also tightening as price moves closer to the upper diagonal with 1.174 the new area of resistance. Any rejection from there will drive price into the Weekly Pivot @ 1.170 and if price closes below it, we will more than likely see a move lower towards 1.162, followed by a possible second move lower towards the Yearly R1 Pivot @ 1.157. Only if price manages to close back above the diagonal might we see another test of the Monthly Pivot @ 1.178