Type:
Bullish Rise

Key Levels:
Resistance: 4.1133
Pivot: 3.7968
Support: 3.4495

Preferred Case:
On the H4, with price moving within the ascending channel , we have a bullish bias that price will rise to the pivot at 3.7968 where the overlap resistance and 50% fibonacci retracement are. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to the 1st resistance at 4.1133 in line with swing high resistance and 61.8% fibonacci projection.

Alternative Scenario:
Alternatively, price could drop to the 1st support at 3.4495 where the swing low support and 100% fibonacci projection are.

Fundamentals:
No Major News