Bullish Bounce

Key Levels:
Resistance: 1.07344
Pivot: 1.06881
Support: 1.0675

Preferred Case:
Price is reacting on the ascending channel, signifying an overall bulllish momentum. We can expect price to bounce at the pivot level in line with 61.8% Fibonacci retracement towards 1st Resistance in line with 61.8% Fibonacci retracement. Our bullish bounce is further supported by the stochastic indicator where the %K is at the support line.

Alternative Scenario:
Alternatively, price could push down to the 1st Support in line with 127.2% fibonacci projection.