If you check out , you'll see it has considerably dropped since the last low. In short, momentum's been dropping while the last ranging move took place. D- is right above 25, suggesting the bears are in control. bounced off the 20 level and is now rising again...which also supports the bears.
In fact, for the last 3 times, shot up every time the bears took over. The purple arrows highlight that.
I'll be looking for short entries on the H1 below 2078 and will reassess at 2040. I expect price to stall there a bit whether it bounces or breaks through. Hoping for a break personally, but "hope" isn't exactly a good thing when it comes to trading ;)
For shorts, my ideal entry would be around 2060-2065. At least that's where I'd like to get a decent short signal with rising momentum.
Should 2078 break, we'll head towards 2100...again...