Type: Bullish BounceKey Levels:Resistance: 34376Pivot: 33546Support: 32913Preferred Case:On the H4 chart, there is a possibility that price may test our pivot at 33546 in line with horizontal overlap support and 50% Fibonacci retracement. Price can potentially rise to the 1st resistance level of 34376 in line with the horizontal overlap resistance and 78.6% Fibonacci retracement. Our bullish bias is supported by how price is moving above the Ichimoku cloud.Alternative Scenario:Alternatively, price may break pivot and head for 1st support at 32913 in line with the 61.8% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/us30-h4-or-potential-for-a-rise"
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