Type: Bullish BouncePivot: 1.16634Support: 1.15974Resistance: 1.17368Preference: Price is approaching the pivot where we may potentially see a bounce towards 1st resistance, in-line with 23.6% Fibonacci retracement and 100% Fibonacci extensionAlternative Scenario: If price drops from the pivot, we may see it swing towards 1st support, in-line with 127.2% Fibonacci retracement and 200% Fibonacci extension
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurusd-h4-is-at-pivot-potential-for-bounce-or-29-sept-2021"
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