Type: Bearish ReversalKey Levels:Resistance: 1.03Pivot: 0.98Support: 0.88Preferred Case:Prices are on bearish momentum and consolidating in a parallel channel. We see potential for a dip from our Pivot at 23.6%, 50% and 127.2% Fibonacci extension towards our 1st support at 0.88 in line with 61.8% Fibonacci extension.Alternative Scenario:Alternatively, prices might climb higher towards our 1st resistance at 1.03 in line with 78.6% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/xrpusd-h4-or-bearish-momentum"
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