Price has broken below the covid 2020 market lows and pushed into the 1.1050 region which price has not tested since 1974. 2 scenarios here, a rejection of my shown level consisting of the 2020 low (old support now resistance), downtrend and the 4 hour 50EMA is likely to move to the same level will then send me short. Or option 2 a breakout to the upside showing a obvious trend change will create my long zone.