Type: Bearish Drop

Pivot: 1.18389

Support: 1.17708

Resistance: 1.18677

Preference: Price is approaching pivot where we may potentially see bearish pressure towards the 1st Support, in-line with 50% Fibonacci Retracement and 127.2% Fibonacci Extension

Alternative Scenario: If price continue to bounce above the pivot, we may see it swing towards 1st Resistance, in-line with 61.8% Fibonacci Retracement and 200% Fibonacci Extension.