EURUSD H4 | Bouncing off support level?

Title
EURUSD H4 | Bouncing off support level?

Type
Bullish Bounce

Preference:

The price is declining toward our pivot point of 1.06897. A bounce from this level could lead the price to rally toward the 1st resistance at 1.07381 which is an overlap resistance level

Alternative scenario:
However, if the price breaks below the pivot, it might decline to the 1st support at 1.06219, representing a multi-swing low support level.

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD technical analysis and forecast for 16-20 September 2024

Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 16-20 September 2024. EURUSD forecast The

US 500 analysis: US inflation data reversed the index trend

The US 500 stock index rose by 4.30% from its local lows last week, driven by lower US inflation growth. The US 500 forecast for

GBPUSD continues to rise following a correction

Improving UK house price index and US manufacturing index figures support the British pound. Discover more in our analysis for 16 September 2024. GBPUSD forecast:

Searching for the right forex broker is no easy task, but have no fear! Brokerswatch.com has made it very simple. Find the right brokers based on the criteria most important to you and compare them side by side for easier selection

Brokers By Regulator

Forex Brokers List

Trading Tools

Risk Warning: FX trading is high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment goals, experience and risk tolerance levels. Loss of part or all of your initial investment is possible; therefore do not invest money that you cannot afford to lose. It is advised to educate yourself about FX trading before you trade real money. Disclaimer: All data and information on this Website are provided “as is” and to be used only for information purposes. Information is not intended for trading or trading recommendations. The operators of this website shall not be liable for any loss incurred by you as a result of reliance on the information contained in the Website.

EURUSD H4 | Bouncing off support level?

Related Posts

EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD technical analysis and forecast for 16-20 September 2024

US 500 analysis: US inflation data reversed the index trend

GBPUSD continues to rise following a correction

Recent Posts

Leading Key

About

Brokers By Regulator

Forex Brokers List

Trading Tools