Bullish Bounce

Key Levels:
Resistance: 1.6179
Pivot: 1.60525
Support: 1.60051

Preferred Case:
Price is abiding to the ascending trendline, signifying bullish momentum. We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection towards 1st Resistance in line with horizontal resistance.

Alternative Scenario:
Alternatively, price could push down to 1st Support in line with 100% Fibonacci projection and 50% Fibonacci retracement.