Bearish Reversal

Key Levels:
Resistance: 1.03
Pivot: 0.98
Support: 0.88

Preferred Case:

Prices are on bearish momentum and consolidating in a parallel channel. We see potential for a dip from our Pivot at 23.6%, 50% and 127.2% Fibonacci extension towards our 1st support at 0.88 in line with 61.8% Fibonacci extension.

Alternative Scenario:

Alternatively, prices might climb higher towards our 1st resistance at 1.03 in line with 78.6% Fibonacci retracement.