Type: Bullish RiseKey Levels:Resistance: 14707Pivot: 14355Support: 14202Preferred Case:With price expected to bounce off the RSI support, we have a bullish bias that price will rise to our resistance at 14707 in line with the 61.8% Fibonacci retracement and swing high resistance from our pivot at 14355 in line with the 78.6% Fibonacci retracement and swing low support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 14202 in line with the swing low support.Fundamentals:With the concerns over the war in Ukraine, European stocks are expected to trade lower.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dax-futures-fdax1-h1-potential-for-a-rise"
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