EURUSD, H4 | Potential Bullish Momentum

39752 eurusd h4 potential bullish momentum

Type: Bullish RiseKey Levels:Resistance: 1.09207Pivot: 1.07161Support: 1.05488Preferred Case:On the H4, with price moving above the Ichimoku indicator, we have a bullish bias that price will continue in its bullish momentum from our pivot at 1.07161 in line with 61.8% Fibonacci retracement, to our 1st resistance at 1.09207 at the swing high.Alternative Scenario:Price may reverse and approach the 1st pullback support at 1.05488, in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection.

Source: Tickmill

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