On the hourly chart, we can plot a pattern. Here we have two scenarios... Leg BC is anywhere between 38.2% to 88.6%.
The 88.6% level comes around 99.45. If the spot takes out today's low of 101.457, we could see it drop towards 0.886. Note that a rebound could happen from within the range of 101.457-99.45.
On the other hand, if the spot moves above 103.26 today, we could consider today's low of 101.457 as the point C of the .
In either cases, we could be moving higher to point D which in either cases rests just above 105.00 levels.