ON THE WEEKLY CHART, WE HAVE SEEN PRICE FAIL TO BREAK THE TRENDLINE AND IS CURRENTLY CREATING A DOJI. THERE HAS BEEN BULLISH DIVERGENCE ON THE DAILY CHART, WHICH GIVES FUTURE CONFIRMATION OF THIS LEVEL. ALSO, ON THE 4 HOURLY, WE CAN SEE A DOUBLE BOTTOM WHICH MEANS WE MAY BE ON THE WAY TO 1.20 (50% RETRACEMENT AND THE DOUBLE BOTTOM'S TARGET)