There was a clear break of the downtrend with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test at 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80.
Note
Please ignore this idea, as it is a duplicate. Go visit this one: 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.