Bearish Drop

Key Levels:
Resistance: 1738.4
Pivot: 1780.8
Support: 1680.2

Preferred Case:
On the H4, with the price moving below the ichimoku cloud and RSI is showing a descending trend, we have a bearish bias that the price may drop form the pivot at 1777.8, which is in line with the overlap support and 61.8% fibonacci projection to the 1st support at 1680.2, where the swing lows and 100% fibonacci projections are.

Alternative Scenario:
Alternatively, price could rise to the 1st resistance at 1834.4, which is in line with the 38.2% fibonacci retracement.

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