The price has reversed and stabilized in a bearish area as long as it trades below the supply zone, which is between 158.800 and 159.100, targeting 157.975 and 157.380.
Bullish Scenario: For a bullish trend, the price needs to stabilize above 158.800, potentially reaching 159.810. Further stability above this level would indicate an uptrend.
Bearish Scenario: The bearish area is confirmed as long as the price trades below the supply zone, targeting 157.975. There is also the possibility of a retest up to 158.800 before resuming the bearish trend.