This has been a very nice rally. Market has just found support at the prior high and the median line. However, given the long-term context of a down trend, I expect a further decline - at least a retracement of 23.6%.
**This analysis is purely technical.**
Reasons that makes me believe that the probability of an upcoming bearish movement is bigger than bullish action:
1) On the daily chart, we saw new highs but there is a huge divergence with RSI that shows lower highs
2) Price broke the 20-period SMA
3) Price broke the 23.6 Fib level (as shown on the D1 chart)
4) On the H1...