Bearish Drop

Key Levels:
Resistance: 3.5565
Pivot: 3.4990
Support: 3.47325

Preferred Case:
On the H4, with the Stoch is below 20, and the price is below ichimoku cloud , RSI is showing a descending trendline and Stoch is reversing from the resistance, we have a bearish bias that the price may drop from the pivot at 3.4990, which is in line with tyhe 50% fibonacci retracement and overlap support to the 2st support at 3.4325, which is in line with the swing low, 78.6% Fibonacci retracement and 61.8% fibonacci projection .

Alternative Scenario:
Alternatively, price could rise to the 1st resistance at 3.5565, where the swing highs and 50% fibonacci retracement are.

No major news.