Type: Bullish Bounce Key Levels:Resistance: 1.07724 Pivot: 1.04691 Support: 1.03514Preference: On the H4, with price moving in an ascending trendline, we have a bullish bias that price will rise from the pivot at 1.04691 in line with the 50% fibonacci retracement and pullback support to the 1st resistance at 1.07724 in line with the horizontal swing high and 100% fibonacci projection. Alternative Scenario: Alternatively, price may reverse off the pivot and drop to the 1st support at 1.03514 in line with the multiple swing low and 61.8% fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurusd-h4-or-potential-bullish-continuation24"
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