Type:
Bearish Drop

Key Levels:
Resistance: 3.7120
Pivot: 3.5620
Support: 3.4500

Preferred Case:
On the H4, with price breaking the trendline and below ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 3.5620, where the swing lows and 61.8% fibonacci retracement are to the 1st support at 3.4500, where the 50% fibonacci retracement and overlap support are.

Alternative Scenario:
Alternatively, price could rise to 1st resistance at 3.7120, which is in line with swing highs.

Fundamentals:
No key news