Overall we are very bearish on higher timeframes and are going to continue with this trend. Look for bearish setups at key fib & resistance levels.
Ideally we want to see a reversal at the current level. Look to enter on a bearish transition and confirmed lower high below the 106.000 monthly zone. Target lower toward our weekly support & -27% fib level.
For us to consider long opportunities we need to see a break of 107.400 with confirmed higher lows above. Target higher toward significant resistance levels.