Type:
Bullish Rise

Key Levels:
Resistance:
3.9600
Pivot:
3.6885
Support:
3.5545

Preferred Case:
Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 3.9600, where the previous swing high is.

Alternative Scenario:
Price may head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.

Fundamentals:
There are no major news.