Type: Bearish MomentumKey Levels:Resistance: 134.850Pivot: 132.575Support: 130.275Preferred Case:On the H1, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to the pivot at 132.575 in line with the swing low support and 100% fibonacci projection. Once there is downside confirmation, we could expect price to drop to the 1st support at 130.275 in line with the -61.8% fibonacci expansion and horizontal swing low support.Alternative Scenario:Alternatively, price may rise to the 1st resistance at 134.850 where the pullback resistance is.Fundamentals:No major news
Source: Tickmill