The major approaches to resistance zone 108.951-109.242, from where we can expect a start of new downward wave.
We note two strong local resistance zones: 108.900-108.951 and 109.242. Short-signals formed at these zones will have high chances for execution.
On hourly chart there are already signs of upward movement faltering, therefore here we also can expect downward reversal from any of strong levels.
Main scenario: Touch of 108.951 and then downward reversal in direction 108.323.
Alternative scenario: Break to 109.242 and then downward reversal in direction 108.323.
Shorts from 108.951 and 109.242.