Type: Bullish BounceKey Levels:Resistance:Pivot:Support:Preferred Case:On the H4 timeframe, price is abiding to ascending trendline. We see the potential for a bullish continuation from our pivot level at 0.74299 in line with 50% Fibonacci retracement towards our 1st resistance level at 0.75364 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Alternatively, if price breaks through the key pivot level, price might drop to to the 1st support level of 0.73648 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension.
Source: Tickmill
