Strong support is 50 pips away at 116.60, recent upside, 100 pips away.
at a price of 117.20
so range is
116.60------118.20
we are at 117.20
equilibrium level at 117.40
at a price of 117.20
so range is
116.60------118.20
we are at 117.20
equilibrium level at 117.40
Price is the only indicator.