Type:
Bearish Momentum

Key Levels:
Resistance:
1465.00
Pivot:
1409.75
Support:
1391.75

Preferred Case:
We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 50% Fibonacci line is located.

Alternative Scenario:
Price may rise again to retest the resistance at 1465.00, where the previous swing high is.

Fundamentals:
There are no major news.