In the bigger picture, current development suggests that rise from 84.81 is still in progress and on resumption, 55 days EMA (now at 92.96) will be firmly taken out. Also, considering bullish convergence condition in daily MACD and RSI, whole medium term fall from 124.13 has possibly completed too. Break of 93.74 resistance will confirm this bullish case and will target a test on 101.43/65 medium term resistance zone next. On the downside, break of 89.83 support is needed to indicate that rise from 88.13 is completed. Otherwise, the bullish outlook will remain in favor.
In the long term picture, downside momentum is clearly diminishing with monthly MACD back above signal line. However, there is no confirmation of long term reversal yet. Down trend from 124.13 might still continue as long as 101.43 resistance holds and might extend further towards 79.75. Nevertheless, break of 101.43 resistance will break the lower high lower low pattern and will suggest that a long term bottom is in place. The trend should then reversed to continue the sideway pattern that started at 79.75 in 1995.