price could to trend towards recent support

The chart pattern structure indicates to me that price could be in a correction phases and could trend towards the recent support of 103.536 (short-term) from a breakout to last weeks Monday's low at (108.890) and continuation therefore completing the Elliot wave could at point 5 which is the support at 102.178. (medium-term analyses)
Support and ResistanceTrend LinesWave Analysis

Penafian