Prices are consolidating in a bearish channel. We see potential for dip from our Pivot at 1783.651 in line with 50% Fibonacci retracement and 38.2% Fibonacci retracement towards our 1st support at 1776.287 in line with 78.6% Fibonacci retracement.

Alternative Scenario:

Alternatively, prices might climb higher towards our 1st resistance at 1789.06 in line with 61.8% Fibonacci retracement.

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