Price is facing bearish pressure from our pivot, in line with the horizontal overlap resistance and 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a further drop below this level to our first support target. Failure to hold below the pivot level could see prices swing towards our first resistance target at 28.3300.
Pivot: 27.9468 Supporting Points: horizontal overlap resistance and 61.8% fibonacci retracement and 61.8% fibonacci extension