Type: Bullish continuationKey Levels:Resistance: 19.46Pivot: 18.78Support: 18.30Preferred Case:Prices are on bullish momentum. Prices might potentially move from pivot level of 18.78 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement towards the 1st resistance level at 19.46 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is further supported by prices trading above Ichimoku clouds.Alternative Scenario: Price can potentially dip to the 1st support level of 18.30 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection.Fundamentals: No major news
Source: Tickmill