Type: Bullish RiseKey Levels:Resistance: 14707Pivot: 14355Support: 14202Preferred Case:With price expected to bounce off the RSI support, we have a bullish bias that price will rise to our resistance at 14707 in line with the 61.8% Fibonacci retracement and swing high resistance from our pivot at 14355 in line with the 78.6% Fibonacci retracement and swing low support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 14202 in line with the swing low support.Fundamentals:With the concerns over the war in Ukraine, European stocks are expected to trade lower.
Source: Tickmill
