Type:
Bullish Breakout

Key Levels:
Resistance: 114.196
Pivot: 113.673
Support: 113.02

Preferred Case:

Prices are on bearish momentum. We see potential for a dip from our Pivot at 113.673 in line with 23.6% Fibonacci retracement towards our 1st support at 113.02 which is a graphical swing low and close to our area of Fibonacci confluences.

Alternative Scenario:

Alternatively, prices may climb towards our 1st resistance at 114.196 in line with 61.8% Fibonacci extension.