The price remains within a descending channel: last week the quotes reached its upper boundary around 87500.00 (Murray level [6/8]), after which they started to decline.
Currently, the pair is close to the support zone 81500.00–80000.00 (Murray level [5/8], lower Bollinger Band line), a close below which will ensure a continuation of the decline towards the targets 75000.00 (Murray level [4/8]), 68750.00 (Murray level [3/8]).
The key level for the "bulls" remains at 87500.00 (Murray level [6/8]), a close above which will lead to the price exiting the descending channel and moving towards the levels 93750.00 (Murray level [7/8]) and 100000.00 (Murray level [8/8]).
Technical indicators do not provide a clear signal: Bollinger Bands are horizontal, Stochastic is turning upwards from the oversold zone, and MACD is increasing in the negativ