Bearish Reversal

Key Levels:
Resistance: 114.646
Pivot: 114.646
Support: 112.547

Preferred Case:
Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our Pivot at 113.908 in line with 61.8% Fibonacci retracement towards our 1st support at 112.547 which is a graphical swing low and area of fibonacci confluences.

Alternative Scenario:
Alternatively, prices may climb towards our 1st resistance at 114.646.