2) Near level 1.1478 has been finished previous wave (wave A on my chart). So it's potential support/resistance level.
3) 38.2% - it's not the only strong level where market could go, 50% is also interesting level and it can be combined with lower line of parallel channel.
To sum up, from now I'm expecting move down. I will provide the next update after important price action on the chart.
Thanks for your question!