Falling to Pullback Support

TitleFalling to Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 22.862 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 23.535 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 22.523 which is a swing-low support level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.