Bullish Rise

Key Levels:
Resistance: 8.440
Pivot: 7.630
Support: 6.965

Preferred Case:
On the H4, price has bounced off the 127.2% extension levels forming a triple bottom. We have a bullish bias that the price may rise from the pivot at 7.630, which is in line with the 50% fibonacci retracement to 1st resistance at 8.440, where the 61.8% projection and overlap resistance sits.

Alternative Scenario:
Alternatively, price could break pivot structure and drop to 1st support at 6.965, where the previous swing low, 100% projection sits

No major news.