Preference:
Prices are on bearish momentum. We see potential for a dip from our Pivot at 76.631 in line with 61.8% Fibonacci retracement towards our 1st support at 75.902 in line with 78.6% Fibonacci extension and 100% Fibonacci retracement.
Alternative Scenario:
Alternatively, prices may climb towards our 1st resistance at 77.15 in line with 23.6% Fibonacci retracement.
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