Type: Bearish Drop

Pivot: 1.17960

Support: 1.17433

Resistance: 1.18112

Preference: Price is approaching pivot where we may potentially see a drop towards 1st support, in-line with -61.8% Fibonacci retracement and 127.2% Fibonacci extension.

Alternative Scenario: If price bounce above the pivot, we may see it swing towards 1st resistance, in-line with 38.2% Fibonacci retracement and 78.6% Fibonacci extension