Type:
Bearish Drop
Key Levels:
Resistance: 2036.4
Pivot: 1952.5
Intermediate Support: 1920.4
Support: 1841.8
Preferred Case:
With the price moving above the ascending trendline and above ichimoku cloud, we have a bullish bias that the price may rise to the pivot at 141.950, which is in line with the 161.8% fibonacci projection and swing high to the 1st resistance at 143.975, where the previous significant swing high is.
Alternative Scenario:
Alternatively, the price may drop to the 1st support at 139.175, where the 23.6% fibonacci retracement and swing low are
Fundamentals:
No key news
Source: Tickmill