Type: Bullish Bounce

Support: 110.429

Resistance: 111.1

Pivot: 110.593

Preference: Price has recently tested our pivot at 110.593 in line with 161.8% Fibonacci extension and has the potential to climb even higher towards our 1st resistance at 111.1 in line with 200% Fibonacci extension, graphical overlay and parallel channel.

Alternative Scenario: Alternatively, Price May Dip To Our 1st Support At 110.429 In Line With 23.6% Fibonacci Retracement.