This could be a potential bounce from the Trend line
and if today's DAILY candle closes within the previous days range then we have ourselves an INSIDE BAR
pattern. This price action will indicate a potential reversal of price to the downside.
Price is currently at 61.8% Fibonacci retracement
which is a high probability zone for price rejection.
- in bullish
A break above 2.08006 will invalidate this technical analysis!