Price is reacting above pivot level at 1,786.50 which is in line with 38.2% Fibonacci retracement level, 161.8% Fibonacci extension level and horizontal overlap support. The price could potentially swing towards resistance at 1,832.20 which coincides with 100% Fibonacci retracement level, 61.8% Fibonacci extension level and horizontal overlap resistance. Stochastic is bouncing off from horizontal support where previous bounces occurred.
Alternatively, price may drop to our support at 1764.00 , which is in-line with 61.8% Fibonacci retracement level and 200% Fibonacci extension level.

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