Preference:
Prices are consolidating in a triangle. We see potential for a bounce from our Pivot at 113.048 in line with 23.6% and 38.2% Fibonacci retracement towards our 1st resistance at 113.674 in line with 100% Fibonacci extension and 38.2% Fibonacci retracement.
Alternative Scenario:
Alternatively, prices may dip towards our 1st support at 112.701 in line with 61.8% and 61.8% Fibonacci extension.
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