Preference:

Prices are on a bullish momentum and abiding to our bullish trendline. We see potential for a bounce from our Pivot at 100% Fibonacci extension towards our 1st resistance at 113.434 which is an area of Fibonacci confluences.

Alternative Scenario:

Alternatively, prices may dip towards our 1st support at 112.066 in line with 127.2% Fibonacci extension.

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