Even thou price is going towards an important confluence point I believe the price will move as shown due to trend in WEEKLY, DAILY and 4HR TF indicates a downtrend. Furthermore, reversal is least likely as the green bar momentum in the second box is weaker than the green bar momentum in the first box.
Comment:
Price fell past @ 106.994, then impulsive movement up indicating @106.994 has aggressive buyers. Going Long