Potential Bullish Breakout

Title
Potential Bullish Breakout

Type
Bullish Breakout

Preference:
Price is rising towards the pivot point of 1.35879 which is a potential breakout level and could climb higher from here; we could see momentum carry price up to its 1st resistance at 1.36593 which is an overlap resistance level.

Alternative scenario:
If price reverses from the pivot point, it could hit the 1st support at 1.35277 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.

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Source: Tickmill

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Potential Bullish Breakout

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