Type: Bearish DipKey Levels:Resistance: 233.50Pivot: 221.45Support: 202.30Preferred Case: Price is near pivot level of 221.45 in line with 23.6% Fibonacci retracement. Price can potentially dip to the 1st support level of 202.30 which is a swing low support. Our bearish bias is further supported by price moving under the Ichimoku cloud indicator.Alternative Scenario: Price could also head towards the 1st resistance level of 233.50 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection.Fundamentals:No Major News
Source: Tickmill