Preference:
Price is abiding by an ascending trendline and has potential to dip from our Pivot at 114.188 in line with 61.8% Fibonacci retracement to our 1st support at 113.238 in line with 38.2% Fibonacci retracement.
Alternative Scenario:
Alternatively, prices could climb higher towards our 1st resistance at 114.676 in line with 100% Fibonacci retracement.
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