EM at a critical juncture, watching 1.195
Been watching $EM pretty closely today, and that 1.195 level just keeps popping up as something significant. We've seen it act as both support and resistance over the past few sessions, and right now, trading right on it feels like we're at a bit of a crossroads. If it can hold here and build some momentum, I'd be looking for a push towards 1.2, maybe even beyond. But, if it breaks decisively below, especially with some volume behind it, that could open up a path to lower lows, potentially testing 1.19. It's a tricky one to call right now, definitely not one to jump into without confirmation, but worth keeping on the watchlist to see how it plays out for the rest of the day.
That 1.195 level is definitely key, but I'm not seeing enough volume to confirm a breakout either way. Could just be chop until the next catalyst.