Type: Bullish BounceKey Levels:Resistance: 1.0857Pivot: 1.07082Support: 1.05373Preferred Case:On the H4, with price moving above the Ichimoku cloud and within the ascending trend channel, we have a bullish bias that price will rise to our 1st overlap resistance at 1.0857 where the 61.8% Fibonacci retracement is from our pivot 1.07082, where price has recently bounced off.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.05373 in line with the 23.6% fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurusd-h4-or-potential-bullish-continuation30"
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