H4: After the decline, the pair has stabilized in the 1.185–1.186 zone, where buying interest had previously appeared. Attempts by sellers to continue the downward move have so far failed — the price is holding above support, indicating weakening bearish pressure.

The current move is seen as a corrective pullback upward. The nearest upside target is located in the 1.1890–1.1900 area, which marks the upper boundary of the local range. As long as the price remains above 1.1830, the bullish scenario remains valid.

Trade decision: BUY 1.1855, SL 1.1830, TP 1.1900