Hello,
We have a nice confluence on this yellow support. The downside movement seems also a bit overextended so we can have a little bit of bullish pressure.
We also have divergences on the M30 timeframes so the bearish pressure starts to slow down a little bit.
I will wait for a confirmation on this zone (break of a descending channel, break of structure...)
Be careful, since this is Monday morning, the market can do lots of fake moves.