Have entered long at market with the intention of adding to the position on a further retrace to 1.18. Initial target is 1.19 with second target at 1.2 where I would expect a bounce. Many investment banks have forecasted 1.18 - 1.20 by the end of 2020 but these forecasts are rumoured to have been pushed higher. Information obtained from Financial Source.
Current area could be seen as a support zone with a further liquidity zone at 1.18. May go a little bit lower if there is a squeeze to take out any stops just below recent swing low.