On the H1 time frame, prices are facing bearish pressure from the resistance at 1813.00, in line with the Fibonacci confluence levels. A pullback to the resistance zone at 1813.00 could present an opportunity to play the drop to the support zone at 1786.00. Stochastic is approaching the resistance at 92.91 as well, supporting the bearish bias.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.