The zone of 111.947-112.126 provides a hard resistance to the pair.
Also, the pair has formed an ascending triangle pattern, which means that there is one leg of down move due in the counter.
Hence we expect the pair to move to the supportive trendline for now.
Also, the pair has formed an ascending triangle pattern, which means that there is one leg of down move due in the counter.
Hence we expect the pair to move to the supportive trendline for now.