The price has recently reversed from the major resistance level at 1.0776, which lines up with the 50% Fibonacci retracement. It appears that the price could potentially drop down to our 1st support level at 1.0632, which also lines up with the 50% Fibonacci retracement. If there is a strong selling momentum, the price could potentially drop further down to our 2nd support level at 1.0525.
