Type: Bearish Dip
Resistance: 26.415
Pivot: 26.160
Support: 25.835
Preferred case: We see the potential for a bearish dip from our pivot at 26.160 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st support at 25.835 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection.
Alternative scenario: Alternatively, price might break our pivot structure and head for 1st resistance at 26.415 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection.
Fundamentals: No major news.
Resistance: 26.415
Pivot: 26.160
Support: 25.835
Preferred case: We see the potential for a bearish dip from our pivot at 26.160 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st support at 25.835 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection.
Alternative scenario: Alternatively, price might break our pivot structure and head for 1st resistance at 26.415 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection.
Fundamentals: No major news.