We may expect a horizontal movement with 1.1380 support that will continue for a while.
In an upwards scenario, the price will find support at 1.1380, pierce through 61.8 Fibo and move towards 1.1440, then 1.1460. In the mid-term, 1.1500 target is on the radar.
But in case the price bounces off from 61.8 Fibonacci retracement level at 1.1400, it will lower towards the firm support at 1.1300.
In an upwards scenario, the price will find support at 1.1380, pierce through 61.8 Fibo and move towards 1.1440, then 1.1460. In the mid-term, 1.1500 target is on the radar.
But in case the price bounces off from 61.8 Fibonacci retracement level at 1.1400, it will lower towards the firm support at 1.1300.