The breakout level has now been successfully re-tested with a slight rejection from the 4H 50 & 100 SMA's with this also being a 61.8 Fibonacci retrace. Measured targets would be just north of 1.205, while stops would be just below 1.180
Note
We have lost the 4H 100SMA and at this stage, it would appear that we would likely see price meet up with the 4H 200SMA around the 1.170 support level early next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.