Price will likely go above old highs after a retracement
There is an opportunity to buy because of the high created by the asian session. The asian sessions are manipulated and often traded through both ways making it unlikely for a low or high to hold.
A retracement will possibly happen into demand zones. Look for lower time frame confirmation.
If it continues to go lower I believe it will reach daily demand but it can possibly react off of the first two zones
EU is still bullish and it will likely break last week's high sometime next week.