Approaching Pullback Support

TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is trading close to the pivot point of 97.514 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 97.860 which is a pullback resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 97.402 which is a pullback support that aligns close to the 38.2% Fibonacci retracement 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.