The price can bounce from the support zone
formed by the uptrend line, SMA50 and 1.18500 support level
confirmed price reversal. MACD
histogram supports upward movement. We can use the previous swing high from the lower time frame for placing buy orders. If the market moves above this high, we'll get an additional signal confirming further upward movement. Entry is 1.18900 level with stop orders at 1.18200 level. Profit targets are 1.20000 and 1.20800 resistance levels.