Type:
Bullish Bounce

Key Levels:
Resistance: 0.70658
Pivot: 0.68776
Support: 0.68251

Preferred Case:
On the H4, with price breaking the descending trendline, we have a bullish bias that price will continue to rise from the pivot at 0.68776 at the swing low to the 1st resistance at 0.70658 in line with the swing high and 78.6% Fibonacci projection and 50% Fibonacci retracement.

Alternative Scenario:
Alternatively, price may reverse off the pivot and drop to the 1st support at 0.68251 in line with the horizontal swing low.