Type: Bullish BounceKey Levels:Resistance: 1962.9Pivot: 1944.2Support: 1934.1Preferred Case:Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 1944.2 in line with 138.2% Fibonacci extension towards our 1st resistance level of 1962.9 which is in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection.Alternative Scenario:Otherwise, the price might break our pivot structure and head for the 1st support level of 1934.1 in line with the 61.8% Fibonacci projection.Fundamentals:No major news
Source: Tickmill