Bullish Rise

Key Levels:
Resistance: 3850
Pivot: 3742
Support: 3675

Preferred Case:
On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 3742 where the pullback resistance is. Once there is upside confirmation of the price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 3850 where the swing high resistance is.

Alternative Scenario:
Alternatively, price could drop to the 1st support at 3675 where the 23.6% fibonacci retracement and 78.6% fibonacci projection are.

No Major News