Earlier Analysis( ) :
The price has started a corrective wave after testing a long term 61.8 retracement level at 105.60, where price currently lands at a key support at 100.60-101.20 area. The first test of the resulted in a weekly candle, which hints possible renewed attempts this week. A break above 102.70 short-term resistance will probably confirm the rebound scenario.
Alternatively, if price manages to break 100.60 that would signal more downside, for a retest of the 52-week average at 99.50 and on the longer run 96.55 support.
Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos
Free Telegram Channel: https://t.me/technician_forex_trades
Trading Signals Redefined: https://thefxchannel.com