Title
Pullback Resistance at 38.2% Fibonacci Retracement

Type
Bearish Reversal

Preference:
Price could rise towards the pivot point of 0.6559 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 0.6507 which is a pullback support level

Alternative scenario:
If price breaks above the pivot point, it could hit the 1st resistance at 0.6590 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.

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