As expected, we saw strong resistance at 1.17806 last week, which may push price to new lows. The daily down trend is still intact, from our mid-March highs of around 1.2:
So we’re still targetting 1.16163 from our high time frames. And possibly as low as 1.15538, where we can expect to see plenty of support:
It’ll be interesting to observe price action around these two levels. We could get a huge pop, as the prevailing trend is still bullish.