After last sessions strong action and technical pattern, I'm expecting some price drops. It looks like its forming an H&S. The recent dip was clearly lower than the left shoulder and also the current top is lower than the left shoulder.
There is also the horizontal trendline @ 38.36 which wasn't breached yet and with some uncertainties about the trend and possible profit taking, I could see it go a little bit lower.
There is also the horizontal trendline @ 38.36 which wasn't breached yet and with some uncertainties about the trend and possible profit taking, I could see it go a little bit lower.