Preference:
Prices are on bearish momentum. We see potential for a dip from our Pivot at 113.673 in line with 23.6% Fibonacci retracement towards our 1st support at 113.02 which is a graphical swing low and close to our area of Fibonacci confluences.
Alternative Scenario:
Alternatively, prices may climb towards our 1st resistance at 114.196 in line with 61.8% Fibonacci extension.
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