Currently players are taking profits which is pushing the price back up. However, a strong resistance is observed at the convergence of .5 fib retracement and r1 . The price bounced down. It is below r2 and expected to approach r3 as bears test resistance and possibly being wave 3 of . Furtermore, the and remain in the sell position.
My idea is to short below the 23.6% fib retracement at 1.1020 and take 600 pts profit at 1.096.