Preferred case:
EURUSD H4 is approaching pivot where we may potentially see a drop towards 1st support, in-line with 23.6% Fibonacci retracement and 78.6% Fibonacci extension.
Alternative scenario:
If price bounce above the pivot, we may see it swing towards 1st resistance, in-line with -61.8% Fibonacci retracement and 127.2% Fibonacci extension.
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