As price action puts up Lower lows and Lower highs followed by lower low and another probably lower high, I am expecting the price to reverse and reach 1.06826. Price action reached the previous structure resistance followed by hidden Rsi divergence which gives an indication that it may thrust downwards.
Entry level: 1.07381
Stop loss : 1.07937
Target : 1.06826
Because it opened above my stop loss :)
i think you are right on this time frame but the weekly is showing an inverted head and shoulders. I would be inclined to buy on the retracement to the daily trend line shown which would be the right shoulder. I think these patterns are very powerful on the higher timeframes