$EM: Watching for a break or a fade at 1.195

I'm keeping a close eye on $EM around this 1.195 level. It's been acting as a pretty significant pivot point lately, and seeing it back here after testing 1.2 earlier today makes me think we're at a bit of an inflection point. If we can see a clean break and hold above 1.195, I'd be looking for a potential move higher, maybe retesting that 1.2 area again. The risk, for me, is if we get a false breakout above 1.195 followed by a quick rejection back below. That would suggest a fade is more likely and could open the door for a move back down towards the lower end of today's range, potentially 1.19. Just my thoughts, no crystal ball here.