Type: Bearish DipKey Levels:Resistance: 19.89Pivot: 19.63Support: 19.05Preferred Case:Price is approaching our pivot level of 19.63 in line with 78.6% Fibonacci retracement. We see the potential for a bearish dip towards our 1st support level of 19.05 in line with 50% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where price is trading at the resistance level.Alternative Scenario:Otherwise, price could potentially rise to the 1st resistance level at 19.89 which is in line with 161.8% Fibonacci extension..Fundamentals:No major news.
Source: Tickmill