Preference:
Prices are on a bearish momentum. We see potential for a dip from our Pivot at 0.9238 in line with 38.2% Fibonacci retracement and 127.2% Fibonacci extension towards our Take Profit at 1st support at 0.91684 in line with 78.6% Fibonacci retracement.
Alternative Scenario:
Alternatively, prices might climb towards our 1st resistance at 0.92687 in line with 50% Fibonacci retracement and 161.8% Fibonacci Projection.
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