Type: Bullish RiseKey Levels:Resistance: 64046Pivot: 61739 Support: 58718Preferred Case:On the H4, with price moving within the ascending trend channel and above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 61739 in line with the 23.6% fibonacci retracement and 61.8% fibonacci projection to the 1st resistance at 64046 in line with the 38.2% fibonacci retracement .Alternative Scenario:Alternatively, price may drop from the pivot to the 1st support at 58718 at the swing low.Fundamentals:No major news
Source: Tickmill