As shown in the distribution profile of my monthly cycle probability chart the market is expected to consolidate between 1.1983 - 1.2087 for the time being. The mid-point reference of 1.1983 - 1.2087 is 1.2035. A projected supporting level is expected at 1.1593 - 1.1641. Projected resistant points are positioning at 1.2268 and 1.2399. The pattern of my monthly cycle charts suggest that the market has a tendency to trade between 1.1641 - 1.2087. A barrier is located at 1.1827 - 1.1831.
