Preference:

Price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from pivot level in line with 50% Fibonacci retracement and 127.2% Fibonacci projection towards 1st Support in line with 127.2% Fibonacci extension.

Alternative Scenario:

Alternatively, price can push up to 1st Resistance in line with 78.6% Fibonacci retracement.

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