Bullish Bounce

Key Levels:
Resistance: 1.52906
Pivot: 1.51914

Preferred Case:
With price expected to reverse off the stochastic indicator, we have a bearish bias that price will drop from our pivot at 1.51914 in line with the 78.6% Fibonacci projection and horizontal swing high resistance to our 1st support at 1.5047 in line with the horizontal overlap support.

Alternative Scenario:
Alternatively, price may break structure and head for 1st resistance at 1.52906 where the 127.2% Fibonacci extension lines up with the 100% Fibonacci projection