Bearish Reversal

Key Levels:
Resistance: 115.197
Pivot: 114.946
Support: 114.293

Preferred Case:
Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 114.946 in line with 50% Fibonacci retracement towards our 1st support at 114.293 in line with 50% Fibonacci retracement. Prices are trading below our Ichimoku clouds and RSI are at levels where dips occurred previously.

Alternative Scenario:
Alternatively, if prices breaks above our descending trendline, it can potentially climb higher towards our 1st resistance at 115.197 in line with 61.8% Fibonacci retracement.