Potential Bearish Continuation
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will continue to drop from the 1st resistance at 0.72318 in line with the 61.85 fibonacci retracement to the 1st support at 0.6881 in line with the 100% fibonacci projection. Alternatively, the price may reverse off the 1st resistance and rise to the 2nd resistance at 0.73491 at the pullback resistance.
Have a great trading week, you guys!
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