200 hour MA and 38.2% near 110.00 area
The price broke below the “minimum” target (see the current chart below) and that opened up the downside for more probing. The price ended up heading straight toward the 200 hour MA (green line). I also moved the Fibonacci down to the March 23rd low, and near that 200 hour MA sat the 38.2% of the bigger move higher.
The combination of the 38.2% AND the 200 hour MA was enough to stall the fall. The price has consolidated over the last few hours but remains near the lows. Its a good low risk level for buyers to lean, sellers on the break to take profit. A move below, however, would likely trigger more selling.