X marks the Spot.
For a Bullish Price Action, I expect a slight bounce to the 111.38 region. Another bounce at the 108.119 region. This will be short-lived.
For a Bearish Price Action, I expect the Bears to continue to drive this pair lower.
Look to SELL every rally.
1st Target at 109.8
2nd Target at 108.119
Worst case scenario, 3rd Target at 104.660