Title
Potential Bearish Breakout

Type
Bearish Breakout

Preference:
Price is falling towards the pivot point of 1.34789 which is a potential breakout level and could drop lower from here; we could see momentum carry price down to its 1st support at 1.34448 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci projection level.

Alternative scenario:

If price reverses from the pivot point, it could hit the 1st resistance at 1.34955 which is a pullback resistance level.

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