Type: Bearish DropKey Levels:Resistance: 14644Pivot: 14099Support: 12558Preferred Case:We see the potential for a further bearish drop from our Pivot at 14099 in line swing high resistance and 78.6% Fibonacci retracement towards our 1st support at 12558 in line with the swing low support. Our bearish bias is further supported prices trading below our Ichimoku clouds .Alternative Scenario: If prices were to reverse, they can potentially climb towards our 1st resistance at 14644 which is in line with the swing high resistance.Fundamentals:With the concerns over the war in Ukraine, European stocks are expected to trade lower.
Source: Tickmill
