Type: Bullish BounceKey Levels:Resistance: 95.765Pivot: 93.092Support: 90.924Preferred Case:With price expected to bounce off the support of the ichimoku cloud and the stochastic indicator, we have a bullish bias that price will rise from our pivot of 93.092 in line with the 50% Fibonacci retracement and horizontal pullback support to our 1st resistance of 95.765 in line with the horizontal swing high resistance and 138.2% fibonacci extension.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 90.924 in line with the horizontal swing low support.
Source: Tickmill
