Price has recently broken out of the descending channel and near pivot level of 1.35083 which is 50% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially go to the 1st resistance level of 1.3689 which is 127.2% Fibonacci projection and 78.6% Fibonacci retracement .

Alternative scenario:

Price can potentially dip to the 1st support level of 1.34092 which is 23.6% Fibonacci retracement


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