Will GER40 break through first resistance?

TitleWill GER40 break through first resistance?TypeBullish BouncePreference:The current price is moving towards the first resistance level which is a swing high resistance. The price could go down to the pivot point bouncing off the 15869.96 support level, which is an overlap support.Alternative scenario:The current price will break through the pivot point and move towards the first support level at 15810.4.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.