The pair should retrace to the 38.2% fib level (which is also confluent with a support turned resistance zone). The next area of support can be seen around the upper 1.12's as evidenced in the chart. Let's go USD
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.