After much support yesterday at 1.1030 first weekly support, breaking it freed the pair down to second weekly support and more important one around 1.1010 that I talked about before where 60 pips move started.
Bulls are in threat as 1.1010 broke to 1.1000 psychological level that can be a sign of further weakness.
The whole game is played on weekly around 1.1010 where bulls will try closing above and way better if they can locate price around 1.1030 or above
While bears looking at a close below 1.1010, on daily expected to find support above or around 1.1990s
In general, the pair looking to consolidate on short term until this weekly candle close and next week one clear the bigger picture.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart