@KH777, No, the price already tapped the 111.100 daily support and rejected as indication by the July 23 pin bar candle on the daily chart. On the weekly we are retesting a previous break of the bearish channel as seen above and this far into the week it looks like the previous bearish channel resistance will hold as support. From there we can expect the price to go bullish and tap the 114.300 level which has been a strong previous resistance. As always wait for confirmation :)
This is just my take on the analysis, by no means use this as definite trade advice.