Type: Bearish Reversal Resistance: 1789.06 Support: 1776.287 Pivot: 1783.651 Preference: Prices are consolidating in a bearish channel. We see potential for dip from our Pivot at 1783.651 in line with 50% Fibonacci retracement and 38.2% Fibonacci retracement towards our 1st support at 1776.287 in line with 78.6% Fibonacci retracement. Alternative Scenario: Alternatively, prices might climb higher towards our 1st resistance at 1789.06 in line with 61.8% Fibonacci retracement. (full story)