Bearish Reversal

Key Levels:
Resistance: 113.678
Pivot: 114.216
Support: 113.677

Preferred Case:
Prices are consolidating in a triangle pattern and on bearish pressure. We see the potential for a dip from our Pivot at 114.216 in line with 50% Fibonacci retracement towards our 1st support at 113.677 in line with 78.6% Fibonacci retracement. Prices are trading below our Ichimoku cloud resistance and also crossover from our red and blue line, further supporting our bearish bias.

Alternative Scenario:
Alternatively, prices may dip towards our 1st resistance at 113.678 in line with 78.6% Fibonacci retracement.