I can potentially see price pullback to test the resistance area before the bearish continuation to the next support zone. R:R would be a 1:3.
RSI shows it is below the 30 area so this confluence would reinforce the idea of a pullback
I personally think that price will retrace back to the 1.10 Support zone as its exhaustion phase before pushing up to the 1.115 Area (1st potential Take profit). Highest Take profit target being 1.15 after another retest to relevant support zone (Swing Trade)
A reason for this is because on the daily chart we can see a wick rejection towards the 1.115 Resistance...
