The move from 1.3360 to last night’s high at 1.3670, has it’s 38.2% retracement at 1.3550. This is also approximately where the hourly trendline comes in (1.3360 through 1.3480). There was also a series of prior hourly highs near this level which should now become support.
If you’re bullish, buying at 1.3550/60 with a tight stop-loss makes good technical sense.
