Preference:

Prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a Dip from our Pivot at 0.87698 in line with 161.8% Fibonacci projection and 100% Fibonacci extension towards our 1st support which is an area of Fibonacci confluences.

Alternative Scenario:

Alternatively, prices may climb higher towards our 1st resistance at 0.88105 in line with 127.2% Fibonacci extension and 200% Fibonacci Projection.

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