There's actually no support below 1.18 since we're at all-time lows. The blue channel line may be some sort of suppport. As I've been saying for months now though I'd rather sell the rips than buy the dips.
Medium-term resistances are at 1.24ish and 1.27ish. As long as we stay below these levels the medium-term trend is down.
Short-term resistances are at 1.18 (if we don't rally back above it within the next few minutes) and at 1.20ish.
