Bullish Bounce

Key Levels:
Resistance: 1702'6
Pivot: 1684'0
Support: 1661'4

Preferred Case:
With price being above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1702'6 in line with the swing high resistance and 61.8% Fibonacci projection from our pivot of 1684'0 in line with the horizontal overlap support and 23.6% Fibonacci retracement .

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st support at 1661'4 in line with the horizontal overlap support, 38.2% fibonacci retracement and 61.8% Fibonacci projection .

No Major News