Bearish Drop

Key Levels:
Resistance: 3.5555
Pivot: 3.4755
Support: 3.3695

Preferred Case:
On the H4, with price below the ichimoku indicator and RSI is moving within a descending trendline, we have a bearish bias that the price may drop from the pivot at 3.4755, which is in line with the overlap support to the 1st support at 3.3695, where the 61.8% fibonacci retracement and overlap support are.

Alternative Scenario:
Alternatively, price could rise to the 1st resistance at 3.5555, where the overlap resistance and 50% fibonacci retracement are.

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