The price is located at a very strong short-selling area, rebounding from the key resistance level at 111.1 and near the lower trend line from the high of 2015 also reversing from the top edge of the upward channel along with forming an AB=CD harmonic pattern with overbought on RSI. The price is about to reach the support level at 110.05, then it will be a decider zone as the price would meet this support along with the moving average 200, the lower edge of the ascending channel, and the B point of the harmonic pattern
So, if the price bounces back up from this level it would have its way back to 111.1 and further
If the price breaks beneath the ascending channel , it will retake the support 108.15