Bullish Rise

Key Levels:
Resistance: 3.6405
Pivot: 3.5440
Support: 3.4385

Preferred Case:
On the H4, with price moving along the ascending trendline, we have a bullish bias that price will rise from the pivot at 3.5440, which is in line with the 38.2% fibonacci retracement and 5overlap resistance to the 1st resistance at 3.6405 where the 61.8% fibonacci retracement is.

Alternative Scenario:
Alternatively, price could reverse from the pivot structure and drop to the 1st support at 3.4385 where the overlap support is.

No Major News