Preference:
Prices are consolidating in a triangle pattern. We see potential for a bounce from our Pivot at 113.558 in line with 50% Fibonacci retracement towards our 1st resistance at 113.955 in line with 100% Fibonacci retracement and 61.8% Fibonacci extension.
Alternative Scenario:
Alternatively, prices may dip towards our 1st support at 113.267 in line with 100% Fibonacci retracement.
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