a technical patterns formation has been formed for the head and shoulders .. for the target of 108.600 at the support area .. It is also likely that it is currently in the wave 3 from c from flat
i think it is in the final stage and the reflection will come soon, especially after the gravestone candlestick
The most likely scenario is that the corrections is finish and the pair will reversal to downside soon - we see also a potential head and shuolders in chart
You can open a short position after a break of the bullish wedge on the four-hour frame