EURUSD, H4 is approaching our Pivot point, potential bounce.
Price is approaching our support level in line with our graphical pullback support and 61.8% fibonacci retracement where we could see a bounce above this level to our resistance target. Stochastic is facing bullish pressure from our support level as well where we could see a further upside above this level.
Pivot: 1.17988
Why we like it:
graphical pullback support and 61.8% fibonacci retracement
1st Support: 1.16863
Why we like it:
Graphical swing low support, 78.6% fibonacci extension
1st Resistance: 1.19856
Why we like it:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.17988
Why we like it:
graphical pullback support and 61.8% fibonacci retracement
1st Support: 1.16863
Why we like it:
Graphical swing low support, 78.6% fibonacci extension
1st Resistance: 1.19856
Why we like it:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
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