Preference:

Prices are on bullish momentum. We see potential for a bounce from our Pivot at 113.298 in line with 50%, 50% and 23.6% Fibonacci retracement towards our 1st resistance at 113.878 which is an area of Fibonacci confluences.

Alternative Scenario:

Alternatively, prices may dip towards our 1st support at 112.749 in line with 100% and 100% Fibonacci retracement.

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