Type: Bullish BounceKey Levels:Resistance: 95.76Pivot: 95.205Support: 95.033Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our Pivot at 95.205 in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement towards our 1st resistance at 95.76 in line with 127.2% Fibonacci extension and 23.6% Fibonacci retracement. RSI is at levels where bounces previously occurred.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 95.033 in line with 78.6% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dxy-h4-or-bullish-momentum"
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