That 1.0706 broken…
The 1.0706 level has been a focus for about 2 weeks now. The level represented the 38.2% of the move down from the Nov. high. Last week it was tested. This week it was broken to the upside on Monday, and tested on Monday and Wednesday. Just now, the level was broken (after a quick test) and the price quickly moved to the next target at the 200 hour MA (green line in the chart below) at 1.06918.