Type:
Bullish Continuation
Key Levels:
Resistance:
4173.25
Pivot:
3913.25
Support:
3751.75
Preferred Case:
We have a bullish bias on the H4 chart. Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . If the bullish momentum continues, price may move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is.
Alternative Scenario:
Price may retest the pivot line at 3913.25, where the 50% Fibonacci line is.
Fundamentals:
There are no major news.
Source: Tickmill
