As the parity price has plunged due to the fundamental factors, we need to determinate new downside levels to test. The current level is a long-term support level, from which the price bounces off. If the downside bias continues, 1.1520 level will be targeted.
If the parity price retraces, 1.1630 and then 1.1660 will be the next levels to reach in short-term. After that, the price will take aim at 1.1700.
If the parity price retraces, 1.1630 and then 1.1660 will be the next levels to reach in short-term. After that, the price will take aim at 1.1700.