The initial litmus test remains the zone around 1.1790 which then focuses on the 1.1760 level, but the 1.1700 psych level remains crucial to entertaining the concept of a reversal.
If Bulls drive the price higher from here, the level of 1.1920 becomes the nearest level of resistance until the level of 1.1965 and the upper side of the long-term symmetrical triangle (yellow line) get into focus.
If Bulls drive the price higher from here, the level of 1.1920 becomes the nearest level of resistance until the level of 1.1965 and the upper side of the long-term symmetrical triangle (yellow line) get into focus.