Bearish Drop

Key Levels:
Resistance: 1.0241
Pivot: 1.0156
Support: 1.0091

Preferred Case:
On the H4, with the price below the ichimoku cloud and breaking the ascending trendline, we have a bearish bias that the price may drop from the pivot at 1.0156, which is in line with the overlap support and 61.8% fibonacci retracement to the 1st support at 1.0091, where the 78.6% fibonacci retracement is.

Alternative Scenario:
Alternatively, as the price is moving within a short term ascending trendline, if the price break the intermediate resistance of 1.0205, where the 23.6% fibonacci retracement is, the price could rise to the 1st resistance at 1.0241, where the swing high is.

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