Title
Potential Bearish Breakout

Type
Bearish Breakout

Preference:
Price is falling towards the pivot point of 0.65498 which is a potential breakout level and could drop lower from here; we could see momentum carry price down to its 1st support at 0.65240 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.

Alternative scenario:

If price reverses from the pivot point, it could hit the 1st resistance at 0.65801 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level.

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