1st. As you can see, there is a Down side channel that is steel intact.
2nd. There is a Gartleys Pattern. Last down side fractal was retraced 50% for the last up side move, at the same time last up side move extended 1.618% TARGET = 107.00 around.
3rd. We are in te las wave C of Z of B in Elliot Waves of the irregular retracement TARGET = 107.00 around.
4rd. BIG long term support on July 26th,2016 at 106.85/106.90