50% of the August range is the next target
The pair is now down testing the 50% of the August move at 1.12055. Looking at the daily chart, the 1.1205 area is also the 38.2% of the move up from the July low and the underside of a broken trend line. HMMMM good support for a trade but would not risk a lot as I think the topside is probably limited. (to 1.1220).