Type:
Bullish Continuation

Key Levels:
Resistance:
1.05090
Pivot:
1.01315
Support:
1.03600

Preferred Case:
The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly head towards the 1st resistance line at 1.05090 where the previous swing high is located.

Alternative Scenario:
Price may head back down breaking the support at 1.03600 where the 161.8% Fibonacci line is before heading towards the pivot at 1.01315, where the previous swing high is located.

Fundamentals:
There are no major news