I like 1.20{22} actually. Fib as you say and a lot of volume there abouts as i would see it. Bit nervous with all this Chinese bond rumors about though.
RANSquark a while ago said they were looking for an official comment. It sounded like it was just rumor when it was first announced. So we sell (USD) on the rumor in this case... right?
Equities dont seem to have reacted much thus far. Oil as I understand is showing "risk on" and is near its highs. Would gold going off be a "risk off" signal?