Title
Bearish Downturn

Type
Bearish Reversal

Preference:
Price is rising towards the pivot point of 0.65156 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64882 which is a pullback support level.

Alternative scenario:

If price breaks above the pivot point, it could hit the 1st resistance at 0.65352 which is a pullback resistance that sits above the 38.2% Fibonacci retracement level.

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