Type: Bullish BounceKey Levels:Resistance: 0.65503Pivot: 0.64134Support: 0.63681Preferred Case:Price has recently broken out from descending trend channel and is expected to move up to first resistance level at 0.65503, in line with 38.2% Fibonacci retracement. pivot is in line with 23.6% Fibonacci retracement, and overlap support level at 0.63681. price is also above Ichimoku cloud which supports our bullish bias.Alternative Scenario:Alternatively, price may break pivot and head for first support in line with the horizontal overlap support.
Source: Tickmill