Bullish Bounce

Key Levels:
Resistance: 1.61977
Pivot: 1.60998
Support: 1.60349

Preferred Case:
On H4, price has bounced off Ichimoku indicator thus we have a bullish bias that price will continue to rise from our pivot at 1.60998 to 1st resistance swing high at 1.61977 and intermediate resistance at 1.61493 in line with 50% fibonacci retracement. Ascending trendline on RSI further supports our bullish bias.

Alternative Scenario:
Price may reverse from 1st support at 1.60349 in line with 78.6% Fibonacci projection and 38.2%fibonacci retracement.