Potential Bullish Bounce

Title
Potential Bullish Bounce

Type
Bullish Bounce

Preference:
Price could fall towards the pivot point of 84.045 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 84.955 which is a pullback resistance level.

Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 83.462 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.

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Source: Tickmill

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Potential Bullish Bounce

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