The pair found a level of support.
During yesterday's trading session the dollar index gained over 40 points and the reserve currency strengthened against the basket of major currencies. Against this background, we observed a decrease in the price of this pair.
On our chart the support level at 1.1440 was again worked out and we observe a correction from it. The technical indicator ADX indicates that the downward movement will continue. The MACD is in the negative zone and also indicates a sale.
Currently we do not expect the release of any significant news that can considerably change the trend. We believe that the price will continue to maintain the downward trend and will again go to the mark of 1.1440 and in case of its overcoming will go to the mark of 1.14. Therefore, we advise you to look for points to enter short positions and consider the above levels as your goals.
