Potential Bearish Breakout

TitlePotential Bearish BreakoutTypeBearish BreakoutPreference:Price is falling towards the pivot point of 77.445 which is a pullback support and could potentially break under this level; we could see momentum carry price down to its 1st support at 75.37 which is a swing-low support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 79.289 which is a pullback resistance that aligns close to the 61.8% 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.