Type:
Bullish Rise
Key Levels:
Resistance: 144.225
Pivot: 141.675
Support: 138.625
Preferred Case:
On the H4, with price moving above the ichimoku indicator and within an ascending trendline, we have a bullish bias that price will rise from the pivot at 141.675 where the swing high, 78.6% fibonacci retracement and 127.2% fibonacci projection are to the 1st resistance at 144.225 in line with swing high.
Alternative Scenario:
Alternatively, price could break pivot structure and drop to 1st support at 2564.4 where the pullback support and 23.6% fibonacci retracement is.
Fundamentals:
No key news.
Source: Tickmill