Type:
Bullish Rise

Key Levels:
Resistance:
2023.0
Pivot:
1945.0
Support:
1808.5

Preferred Case:
On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% Fibonacci line is before heading towards the resistance at 2023.0, where the 23.6% Fibonacci line is.

Alternative Scenario:
Price may possibly head back down towards the support line at 1808.5, where the 88% Fibonacci line is.

Fundamentals:
There are no major news.