#EURUSD, H4 is testing our Pivot point, potential for a long.
Price is testing our Pivot point at 1.21883, in line with 78.6% fibonacci retracement,100% Fibonacci extension and ascending trendline support, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.22596, which is in line with horizontal swing high resistance. Note that price is trending above the Ichimoku cloud and ascending trendline, in line with our bullish analysis.
Pivot: 1.21883
Why we like it:
78.6% fibonacci retracement,100% Fibonacci extension and ascending trendline support
1st Support: 1.21385
Why we like it:
127% fibonacci retracement and ichimoku cloud support.
1st Resistance: 1.22596
Why we like it:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.21883
Why we like it:
78.6% fibonacci retracement,100% Fibonacci extension and ascending trendline support
1st Support: 1.21385
Why we like it:
127% fibonacci retracement and ichimoku cloud support.
1st Resistance: 1.22596
Why we like it:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
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