Type:
Bullish Momentum

Key Levels:
Resistance:
1.06680
Pivot:
1.01265
Support:
1.03965

Preferred Case:
The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expecting price to possible head towards the resistance at 1.06680, where the previous high and 38.2% Fibonacci extension are located.

Alternative Scenario:
Price may break the support line at 1.03965, where the 161.8% Fibonacci line is, before heading towards the Pivot at 1.01265, where the previous swing high was.

Fundamentals:
There are no major news