Type:
Bearish Momentum

Key Levels:
Resistance: 1.04235
Pivot: 1.01325
Support: 1.00015

Preferred Case:
On the H4, with price bouncing off the ichimoku cloud and RSI showing an ascending trendline, we have a bullish bias that price will continue to rise from the pivot at 1.01325 at the overlap resistance in line with the 61.8% fibonacci retracement. If price breaks above the intermediate resistance at 1.03155 at the horizontal swing high in line with the 61.8% fibonacci projection, we will have upside confirmation that price will continue to rise to the 1st resistance at 1.04235 at the pullback swing low in line with the 61.8% fibonacci retracement and 100% fibonacci projection .

Alternative Scenario:
Alternatively, price may reverse off the pivot and drop to the 1st support at 1.00015 at the swing low in line.

Fundamentals:
No major news