- Edited on December 9, 2021
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Preference:
Prices are consolidating in a wedge pattern. We see potential for a bounce from our Pivot which is a graphical overlap towards our 1st resistance at 113.97 which is an area of Fibonacci confluences.
Alternative Scenario:
Alternatively, prices may dip towards our 1st support at 113.296 in line with 61.8% Fibonacci extension.