Bearish Momentum

Key Levels:
Resistance: 3.7128
Pivot: 3.6479
Support: 3.5419

Preferred Case:
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 3.6479 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 3.5419 where the swing low support is.

Alternative Scenario:
Alternatively, price may break pivot structure and rise to the 1st resistance at 3.7128 where the overlap resistance, 50% fibonacci retracement and 78.6% fibonacci projection are.

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