It is been observed that the price action is trending down as it makes Lower High (LH) and Lower Lows (LL) sequence, indicating a down trend is continuation. Now, the price action breaks and close below crucial support levels of 1055 which indicates further move down to the next support levels at 1033-1030.
It is also to be noted that the price action is in progress of completing a bullish harmonic ABCD Pattern.