Now we are waiting for the retest of downtrend line, but we have a upcoming USA CPI news soon.
So if the US data will be better than expected, this could be a good position to short it. Anyway, we will not loose anything because the trade are not opened yet.
The price probably will struggling to brake the resistance line (105.5-106), but most possible variant in my view, it will go through.
Of course we could see 103 or even 100, but not in the next few months.