Type: Bullish BounceKey Levels:Resistance: 35367Pivot: 34622Support: 34010Preferred Case:With price at the support of a the stochastics indicator, we are biased that price will rise from pivot at 34622 in line with the 78.6% Fibonacci retracement and horizontal swing low support to 1st resistance at 35367 in line with the 50% Fibonacci retracement level and the horizontal swing high resistance.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 34010 in line with the 127.2% Fibonacci extension level and horizontal swing low support.
Source: Tickmill
