Bearish Reversal

Key Levels:
Resistance: 0.92734
Pivot: 0.92416
Support: 0.919093

Preferred Case:
Price broke out of the ascending channel support, signifying an overall bearish momentum. We can expect price to drop from pivot level in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection, towards 1st Support in line 127.2% Fibonacci projection. Our bearish bias is further supported by the Ichimoku cloud indicator where the price is holding below it.

Alternative Scenario:
Alternatively, price is could push higher up to 1st Resistance in line with 100% Fibonacci projection.