Type:
Bullish Bounce

Key Levels:
Resistance: 1.28537
Pivot: 1.27956
Support: 1.27445

Preferred Case:
Prices are consolidating in a bullish wedge pattern. We see potential for a climb from our Pivot at 1.27956 in line with 61.8% and 161.8% Fibonacci Projection towards our 1st resistance at 1.28537 in line with 127.2% Fibonacci retracement.

Alternative Scenario:
Alternatively, prices may dip towards our 1st support at 1.27445 which is an area of Fibonacci confluences.