Preference:
Prices are on bullish momentum and abiding to our bullish trendline. We see potential for a bounce at our Pivot at 1781.247 which is an area of Fibonacci confluences towards our 1st resistance at 1791.774 in line with 100% Fibonacci extension.
Alternative Scenario:
Alternatively, prices may dip towards our 1st support at 1769.55 in line with 100% Fibonacci extension and 78.6% Fibonacci retracement.
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