Type: Bullish BounceKey Levels:Resistance: 19.87Pivot: 18.92Support: 18.33Preferred Case:Price is near the pivot level of 18.92 in line with a 50% Fibonacci retracement. We expect price to move towards 1st resistance level of 19.87 in line with 161.8% Fibonacci extension, along with a swing high resistance. Alternative Scenario:Price may break our pivot structure and head for 1st support at 18.33 in line with 61.8% Fibonacci retracement and 100% Fibonacci projectionFundamentals:No major news.
Source: Tickmill