Type:
Bearish Drop

Key Levels:
Resistance: 2.5200
Pivot: 2.3944
Support: 2.2874

Preferred Case:
On the H4, with price moving within the descending trendline and below ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 2.3944, where the current price and 38.2% fibonacci retracement are to the 1st support at 2.2874, which is in line with the swing low.

Alternative Scenario:
Alternatively, price could break the descending trendline and rise to the 1st resistance at 2.5200, which is in line with the overlap resistance and 23.6% fibonacci retracement.

Fundamentals:
No key news.