Following the trend, we may see a continuation to the downside after having touched the .236 fib line. We have support for now at a key area on the hourly chart, marked in red with a horizontal line on the chart at 106.941.
Comment:
Price action has shot up as a result of strong support identified at 106.941. We could see an upward movement to the .236 fib line, perhaps then followed by a downward movement adhering to the overall trend.