- Edited on November 10, 2021
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Preference:
Prices are testing our Pivot at 112.731 in line with 161.8% Fibonacci projection. We see potential for prices to climb towards our 1st resistance at 113.451 which is an area of Fibonacci confluences.
Alternative Scenario:
Alternatively, prices might dip towards our 1st support at 112.078 in line with 200% Fibonacci projection.