Price is in a deep discount, reversal for buy side liquidity is anticipated. I suspect in NY we could see price come to 1.06014. I will be looking for longs. That said I am bearish and will trade what the chart shows me.
All week price has been seeking lower and lower prices. So it is assumed that the market will deal its longs at the 50% level mentioned above.
I anticipate for price to seek the clean equal lows for a low target.