Current Outlook: The price is expected to touch 80.70 and then consolidate between 80.70 and 81.70 until a breakout occurs.
Bullish Scenario: For a bullish trend to be established, the price should reverse and stabilize above 82.27, targeting 82.25 and 84.14. There is also a possibility of a bullish retest up to 81.70.
Bearish Scenario: As long as the price trades below 81.70, it is likely to drop towards 79.50. To confirm the bearish trend, the price needs to break below 80.70, ideally closing a 1-hour candle under this level.