Bearish Reversal

Key Levels:
Resistance: 1.05014
Pivot: 1.04836
Support: 1.04309

Preferred Case:

Price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from pivot level in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement towards 1st Support in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection.

Alternative Scenario:

Alternatively, price might push up to 1st Resistance in line with 100% Fibonacci projection.