Type: Bullish RiseKey Levels:Resistance: 1791.8Pivot: 1701.4Support: 1643.8Preferred Case:On the H4, with price moving in an ascending trendline, we have a bullish bias that price will rise from the pivot at 1701.4 at the overlap support in line with the 78.6% fibonacci projection to the resistance at the swing high at 1791.6 in line with the 50% fibonacci retracement and 78.6% fibonacci projection .Alternative Scenario:Alternatively, price may break support structure at the pivot and drop to the support at 1643.8 at the swing low in line with the 61.8% fibonacci projection .Fundamentals:No major news
Source: Tickmill
