Type: Bullish ContinuationKey Levels:Resistance: 154'09Pivot: 152'21Support: 151'15Preferred Case: Price is near pivot level of 152'21 in line with 50% Fibonacci retracement. Price can potentially go to the 1st resistance of 154'09 which is also the graphical swing high level. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above the clouds Alternative Scenario:Price can dip to the 1st support level of 151'15 in line with 78.6% Fibonacci retracement.Fundamentals: With the RUSSO-UKRAINE conflict , numerous countries has step forward to implement sanctions in hope that it will act as a deterrence for a full on invasion. However, conflict between Russia and Ukraine continue to escalate. This caused the prices of 10 year T-bonds to increase as investors flock to safe haven assets.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/zb1-h4-or-potential-for-bullish-continuation23"
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