Similar to what the monthly chart indicated. Price had a nice runup to monthly resistance (1.259) before getting rejected. It could not hold the 1.208 level as support, but is finding support at the 1.18 level. The last candle in the chart indicates that there is some indecision with price. Everything depends on how the dollar will play out over the next several weeks. Price is nearing a historically choppy area, so there isn’t a clear indication where price will move. If price can break below daily support that would be a good indication that it may continue to move lower.