EURUSD, H4 bounced from our Pivot point, potential for a rise.
Price is bouncing from our Pivot point at 1.21431, in line with 23.6%, 78.6%, 50% Fibonacci retracement, and horizontal graphical area, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.22094. It is noteworthy that price is trending above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 1.21431
Why we like it:
23.6%, 78.6%, 50% Fibonacci retracement, and horizontal graphical area.
1st Support: 1.21022
Why we like it:
50%, 50%, 88% Fibonacci retracement and horizontal graphical support.
1st Resistance: 1.22094
Why we like it:
127%, -27%, 161.8% and -27% Fibonacci retracement.
Trading FX & CFDs carries high risk.
Pivot: 1.21431
Why we like it:
23.6%, 78.6%, 50% Fibonacci retracement, and horizontal graphical area.
1st Support: 1.21022
Why we like it:
50%, 50%, 88% Fibonacci retracement and horizontal graphical support.
1st Resistance: 1.22094
Why we like it:
127%, -27%, 161.8% and -27% Fibonacci retracement.
Trading FX & CFDs carries high risk.
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