Type: Bullish BounceKey Levels:Resistance: 25.564Pivot: 24.289Support: 24.046Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our Pivot at 24.289 in line with 127.2% Fibonacci extension and 50% Fibonacci retracement towards our 1st resistance at 25.564 in line with 100% Fibonacci retracement. Prices are trading above our ichimoku cloud support, further supporting our bullish bias.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 24.046 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci Projection.
Source: Tickmill