What I see
On the daily chart, price is testing a support zone. After the rally from the spring lows, price pulled back from the area below resistance and is now trading at the upper edge of D1 support #19, at 0.82255.
Key levels
- Support D1 #19: 0.82246–0.81827
- Resistance W1 #16: 0.83394–0.84760
- Higher W1 resistance: 0.87554–0.88637
My plan
For now this is a test of the zone, not a confirmed signal. If price holds the support and the daily candles show a reaction, I will watch for a possible move back toward the resistance zone at 0.83394–0.84760. If a daily candle closes below 0.81827, I will treat this support as broken and the idea of a bounce as invalid. In that case I will reassess the situation.
