Bullish rise

Key Levels:
Resistance : 1581’4
Pivot: 1483’4
Support : 1377’2

Preferred Case:
On the H4, with price moving along the ascending channel , we have a bullish bias that price will rise from the pivot at 1483’4, which is in line with the 38.2% fibonacci retracement to the 1st resistance at 1581’4 where the 61.8% fibonacci retracement is.

Alternative Scenario:
Alternatively, price could break pivot structure and drop to the 1st support at 1377’2 where the overlap support and 61.8% fibonacci retracement are.

No Major News