Type: Bullish rise
Resistance : 1693'6
Pivot: 1681'4
Support : 1666'0
Preferred case: With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 1693'6 in line with the swing high resistance from our pivot of 1681'4 in line with the 23.6% Fibonacci retracement and the horizontal pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1666'0 in line with the 38.2% Fibonacci extension and the horizontal pullback support.
Fundamentals: No major news.
Resistance : 1693'6
Pivot: 1681'4
Support : 1666'0
Preferred case: With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 1693'6 in line with the swing high resistance from our pivot of 1681'4 in line with the 23.6% Fibonacci retracement and the horizontal pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1666'0 in line with the 38.2% Fibonacci extension and the horizontal pullback support.
Fundamentals: No major news.