Type: Bullish BounceKey Levels:Resistance: 1.15831Pivot: 1.1386Support: 1.12675Preferred Case:With price moving above the Ichimoku cloud, we are biased that price will rise from our pivot of 1.1386 in line with the 23.6% Fibonacci retracement level to our 1st resistance at 1.15831 in line with the 127.2% Fibonacci extension level.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.12675 in line with the 61.8% Fibonacci retracement level.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurusd-h4-i-approaching-pivot-potential-for-a-rise9"
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