We see the price is near pivot level and it is on a bearish momentum. Price can potentially dip from sell entry level of 341.00 in line with the 78.6% Fibonacci retracement towards the take profit level of 315.14 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement . Alternatively, price might break through the key resistance structure and head for our stop loss level of 353.35 in line with 100% Fibonacci projection and 161.8% Fibonacci extension .

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