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The pair is trading at 1.1120 amid Brexit, and in anticipation of the ECB monetary policy meeting this Thursday. If the pair does not hold above this mark, it will be highly likely to resume its downward correction.

The price is below the middle Bollinger band, below SMA 5 and …

The overall movement is upward. The pair is trading in the range of the lower border of the upward price channel built on TF H4.

On TF H1, the currency pair is trading in the range of 135 and 365 moving averages in the internal downward price channel. Bullish divergence …