As you might understand, this level is very strong, because it has rejected the price twice. Therefore, in case it will be broken, the overall will be changed to the .
Why do I think that this support will be broken? Bears tried to break it for 2 times before and usually it is needed only 3 times to break through the support. Moreover, all people who hold LONG position placed their stop losses before this level because of which it is a very juicy place to visit.
As the result, overall setup is .