Type:
Bearish Continuation

Key Levels:
Resistance:
1978.0
Pivot:
1759.5
Support:
1830.5

Preferred Case:
On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head back down to the support line at 1830.5, where the 78.6% Fibonacci line is located.

Alternative Scenario:
Price may go back up and head towards the 1st resistance at 1978.0 where the 738.2% Fibonacci line is located.

Fundamentals:
There are no major news.