Type: Bullish ContinuationKey Levels:Resistance:1.06680Pivot:1.05085Support:1.03315Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly head towards the 1st resistance line at 1.06680 where the previous swing high and 38.2% Fibonacci line are located.Alternative Scenario:Price may head back down to retest the pivot at 1.05085, where the previous high is. Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/euro-fx-futures-6e1-h4-potential-for-bullish-continuation2"
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