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EURUSD, H4 I Approaching Pivot, Potential For A Rise!

31680 eurusd h4 i approaching pivot potential for a rise

Type: Bullish BounceKey Levels:Resistance: 1.15831Pivot: 1.14248Support: 1.13111Preferred Case:With price moving above the ichimoku cloud, we have a bullish bias that price will rise up to our 1st resistance at 1.15831 in line with the 127.2% Fibonacci extension from our pivot at 1.14248 in line with the horizontal overlap support.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st support at 1.13111 in line with the horizontal overlap support.

Source: Tickmill

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