Type:
Bearish Drop

Key Levels:
Resistance: 0.61615
Pivot: 0.60565
Support: 0.60050

Preferred Case:
On the H4, with price moving below descending trendline and ichimoku indicator, we have a bearish bias that the price may drop from the pivot at 0.60565, where the current price is to the 1st support at 0.60050, where the 78.6% fibonacci projection is.

Alternative Scenario:
Alternatively, price could rise to 1st resistance at 0.61615, where the 23.6% fibonacci retracement and previous swing low is.

Fundamentals:
The Monetary Base y/y is out today, showing -2.4%, which is lower than forecasted and previous data.