Type:
Bearish Momentum

Key Levels:
Resistance:
675.00
Pivot:
661.50
Support:
654.75

Preferred Case:
Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the pivot at 661.50 where the 20% Fibonacci line is located.

Alternative Scenario:
Price may go back up and head towards the resistance at 675.00, where the 50% Fibonacci line is located.

Fundamentals:
There are no major news.