Type: Bullish RiseKey Levels:Resistance: 27740Pivot: 27370Support: 27140Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will; rise from pivot at 27370 in line with the overlap support to the 1st resistance at 27740 in line with the 127.2% fibonacci extension and horizontal swing high.Alternative Scenario:Alternatively, price may break the pivot and support structure and drop to the 1st support at 27140 in line with the 78.6% fibonacci projection .Fundamentals:No major news
Source: Tickmill