Bullish Bounce

Key Levels:
Resistance: 1718'6
Pivot: 1692'4
Support: 1676'4

Preferred Case:
With MACD moving in a bullish momentum and prices breaking the Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1718'6 in line with the 61.8% Fibonacci projection and horizontal swing high resistance from our pivot of 1692'4 in line with the horizontal pullback support.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st support at 1676'4 in line with the horizontal swing low support and 38.2% Fibonacci retracement .

No Major News