Type:
Bullish Rise

Key Levels:
Resistance: 18.650
Pivot: 18.165
Support: 17.575

Preferred Case:
On the H4, with the price pullback from the support, MACD indicators are showing a golden cross and the price breaking the descending trendline resistance, we may hold a short term bullish bias. If the price can break the pivot at 18.165, which is in line with the 23.6% fibonacci retracement, we can expect the price rise to the 1st resistance at 18.650, which is in line with the 38.2% fibonacci retracement and overlap resistance.

Alternative Scenario:
Alternatively, price could drop to the support at 17.575, where the swing low is.

Fundamentals:
No key news.