Bearish Drop

Key Levels:
Resistance: 0.91959
Pivot: 0.91762
Support: 0.91096

Preferred Case:
Price is abiding to the ascending channel, signifying an overall bullish momentum. Price is drop from the resistance level of the channel hence we can expect price to drop from the pivot level in line with 78.6% Fibonacci projection towards 1st Support in line with 127.2% Fibonacci projection and previous swing low. Our bearish bias is further supported by the stochastic indicator where the %K line is abiding to the descending trendline resistance.

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