100 day MA, 200 hour MA and 38.2% retracement at 1.1800 area
The price is moving above the level as I type and trades at 1.1810.
The 1.18287 is the next target. That equals the 50% of the move down (see chart above).
That area is a key cluster. So the market will be looking to have the resistance to now become support. Stay above keeps the buyers in control.
