Type: Bearish ReversalKey Levels:Resistance: 1.47264 Pivot: 1.4612 Support: 1.43219Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our Pivot at 1.4612 in line with 78.6% Fibonacci Projection towards our 1st support at 1.43219 which is a graphical swing low.Alternative Scenario:Alternatively, prices may go higher to 1st resistance at 1.47264 in line with 100% Fibonacci Projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/euraud-h4-or-potential-for-dip"
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