There is a bear flag breakdown attempt underway within a larger downtrend but the 4-hour chart shows a bullish RSI divergence that warrants attention. The divergence along with the 1.0825/0814 support cluster cold mark an important near-term low but first we’d need evidence of a sharp move off the lows. (240min) S/t, the hourly chart has traced a clean 5-wave decline and this is what adds credibility to the longer-term bullish divergence. Together the charts are suggestive of a bounce through 1.0836 and then higher to 1.0880 channel resistance and the 1.0892 wave-4 high. (hourly) Conviction: Med/High Levels: Support – 1.0873, 1.0855, 1.0823 Resistance – 1.0920, 1.0955/61, 1.1069
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