Bearish Reversal

Key Levels:
Resistance: 0.92531
Pivot: 0.9213
Support: 0.91433

Preferred Case:
Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from pivot level in line with 78.6% fibonacci projection towards 1st Support in line with 61.8% Fibonacci retracement and 127.2% Fibonacci projection. Our bearish bias is further supported by the stochastic where the %K line is at the resistance level.

Alternative Scenario:
Alternatively, price could push higher to 1st Resistance in line with 127.2% Fibonacci projection.