Bearish Drop

Key Levels:
Resistance: 1825
Pivot: 1777.8
Support: 1743.5

Preferred Case:
On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 1777.8 where the overlap support is to the 1st support at 1743.5, which is in line with the overlap support.

Alternative Scenario:
Alternatively, price could break pivot structure and rise to 1st resistance at 1825, where the previous swing highs and 23.6% fibonacci retracement are.

No key news.