Preference:

Prices are on bearish momentum. We see potential for a dip from our Pivot at 113.787 in line with 38.2% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st support at 113.048 in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement.

Alternative Scenario:

Alternatively, prices may climb towards our 1st resistance at 114.007 in line with 50% Fibonacci retracement.

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