Type: Bearish DropKey Levels:Resistance: 1825Pivot: 1777.8Support: 1743.5Preferred Case:On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 1777.8 where the overlap support is to the 1st support at 1743.5, which is in line with the overlap support.Alternative Scenario:Alternatively, price could break pivot structure and rise to 1st resistance at 1825, where the previous swing highs and 23.6% fibonacci retracement are.Fundamentals:No key news.
Source: Tickmill