Type: Bullish RiseKey Levels:Resistance: 105.261Pivot: 104.173Support: 103.586Preferred Case:On the H4, with price moving in an ascending trendline and above the ichimoku cloud , we have a bullish bias that price will continue to rise from the pivot at 104.173 at the pullback support in line with the 78.6% fibonacci retracement to the 1st resistance at 105.261 in line with 61.8% fibonacci projection and multiple swing highs.Alternative Scenario:Alternatively, price may drop from the pivot to the 1st support at 103.586 at the swing low in line with the 61.8% fibonacci projection .Fundamentals:Uncertainty about peak inflation in the US continues to support the dollar
Source: Tickmill
